Dual control principle

Occupational fraud: Priority on Prevention

Dr. Michael-A. Leuthner
Dr. Michael-A. Leuthner

Author: Dr. Michael-A. Leuthner

The most important component is the “tone at the top“, which means a culture of compliance with laws and regulations, combined with the mission statement of top management. A culture of compliance will only be effective if top management always acts as an example and infringements and non-compliance of rules and regulations will be punished adamantly by management.