Fraud risk management is crucial to an organization’s reputation and economic well-being. While recent industry data indicate that organizations lose approximately 7 percent of annual revenues to fraud, the true cost is likely much more, as effects ripple across financial statements, operations and brand value. In this podcast, Pamela Verick, a Director with Protiviti’s Litigation, Restructuring and Investigative Services practice and leader of the firm’s Fraud Risk Management Services group, discusses the key elements of an effective fraud risk management program.