What steps should be taken to ensure that embezzlement, bribery and misappropriation of public funds are not occurring in my organization? Furthermore, how can I set up effective procedures to detect and prevent such activities?
What steps should be taken to ensure that embezzlement, bribery and misappropriation of public funds are not occurring in my organization? Furthermore, how can I set up effective procedures to detect and prevent such activities?
user
1. Create and maintain a written set of guidelines which clearly define illegal/unethical behaviours, such as embezzlement, bribery and misappropriation of public funds. 
2. Establish an ethics hotline and other methods to facilitate anonymous reporting of unlawful or improper activities including financial misconduct.
3. Develop procedures to monitor bank accounts, credit cards and other systems which involve the transfer or use of public funds. Require periodic independent reconciliations for all such transactions 
4 Establish adequate checks and balances regarding the granting of contracts, procurement processes, hiring practices and payroll processes that ensure objectivity and transparency are maintained in these tasks 
5 Set regular performance reviews for each employee to gauge productivity levels relative to salary being received; flag inconsistencies promptly in order that they be rectified before becoming a matter requiring formal investigaton
assistant
What steps should be taken to ensure that embezzlement, bribery and misappropriation of public funds are not occurring in my organization? Furthermore, how can I set up effective procedures to detect and prevent such activities?
user
To ensure that embezzlement, bribery and misappropriation of public funds are not occurring in your organization, you should establish proper internal financial controls that support prevention, detection and investigation of fraudulent activities. Other steps include implementing a policy against bribery and corruption; providing regular anti-fraud training for staff; routinely auditing transactions related to cash advances, payments and refunds; carrying out risk assessments; conducting background checks on employees before employment commences; introducing rules on gift-giving & entertaining practices as well as recordkeeping processes.  Further steps may include utilizing technology solutions such as expense management software or automated security solutions.
assistant