Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. Today, Tom Fox welcomes Peter Schablik, a seasoned professional in risk consulting and fraud detection. Peter shares his extensive background, including his transitions from consulting to audit and his experiences across various industries. The discussion explores the significance of fraud detection, critical thinking, and strategic fraud mitigation. Key topics include the role of management in fraud prevention, common misconceptions about fraud controls, technological and management overrides, and industry-specific fraud patterns. Peter also emphasizes the importance of basic controls, such as the segregation of duties, the need for a clear tone at the top, the effective use of hotlines, and thorough third-party risk assessments. Peter emphasizes the value of instinctual and behavioral analysis in fraud investigations, providing actionable advice for strengthening an organization’s fraud prevention program.
Key highlights:
The Importance of Fraud Detection and Mitigation
Common Misconceptions About Fraud
Patterns of Fraud Across Industries
Segregation of Duties and Basic Controls
Investigative Strategies and Behavioral Cues
Strengthening Fraud Prevention Programs
Resources:
Peter Schablik on LinkedIn
Want to Catch a Fraudster? Think Like a Cop
Tom Fox
YouTube
For more information on the use of AI in Compliance programs, see my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
