Governance and management, what are their roles in minimizing fraud?
The life of any business relies
on management as a key mitigator of organisation risk and its alignment of the
expectations set by governance (Butler, 2008) . I have experienced
a failure of this at old workplace where a young colleague, struggling to make
ends meet decided to steal over $1,000 while counting the tills at the hotel
and was eventually fired. A couple of weeks later, a repeat of the same theft occurred
by a different employee and the same action was taken. Management failed to align
themselves with the processes and policies set by governance which in turn has caused
a poor culture increasing the susceptibility of theft in the business.

Overall, I believe an enterprise can only be successful if governance
and management are both executing their separate roles properly.
A beginnners introduction to COBIT 5
References
References
Butler, Y., 2008. Governance
in the Boardroom, 'How Project Management can deliver Organisation Strategy'.
[Online]
Available at: https://iccpm.com/sites/default/files/kcfinder/files/YButler%20The_Role_of_Project_Management_and_Governance_in_Strategy_Implementation%20160808.pdf
Available at: https://iccpm.com/sites/default/files/kcfinder/files/YButler%20The_Role_of_Project_Management_and_Governance_in_Strategy_Implementation%20160808.pdf
Haes, S. D. H. T. J. A. W. V., 2016. Adoption and
Impact of IT Governance and Managment Practices: A COBIT 5 Perspective. Internation
Journal of IT/Business Alignment and Governance.
Comments
Post a Comment