LICENCE - Elan Security Pty Ltd

1 LICENCEforLicensee:Date: WEB LINKSC heck if this document is current Find similar documents Visit our websiteClick on the red box above to activate the LICENCE Agreement scroll Standards on-line at Development Standards Australia GPO Box 476 Sydney NSW 2001 Phone: 02 9237 6000 Fax: 02 9237 6010 Email: Internet: and Distribution SAI Global Phone: 13 12 42 Fax: 1300 65 49 49 Email: 0 - 7337 - 8552 - 0 ASAS 8001 2008 Fraud and Corruption Controll)Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648). This Australian Standard was prepared by Committee MB-004, Business Governance. It was approved on behalf of the Council of Standards Australia on 26 October 2007.

2 This Standard was published on 6 March 2008 . The following are represented on Committee MB-004: Australian Corporate Lawyers Association Australian Federal Police Australian Institute of Company Directors Australian Institute of Professional Investigators Australian Society of Association Executives Centre for International Corporate Governance Research, Victoria University Chartered Secretaries Australia Engineers Australia Environment Institute of Australia and New Zeland Institute of Internal Auditors Australia IAB Services Queensland University of Technology Risk Management Institution of Australasia Society of Consumer Affairs Professionals Transparency International Australia This Standard was issued in draft form for comment as DR 06651.

3 Standards Australia wishes to acknowledge the participation of the expert individuals that contributed to the development of this Standard through their representation on the Committee and through the public comment period. Keeping Standards up-to-date Australian Standards are living documents that reflect progress in science, technology and systems. To maintain their currency, all Standards are periodically reviewed, and new editions are published. Between editions, amendments may be issued. Standards may also be withdrawn. It is important that readers assure themselves they are using a current Standard, which should include any amendments that may have been published since the Standard was published. Detailed information about Australian Standards, drafts, amendments and new projects can be found by visiting Standards Australia welcomes suggestions for improvements, and encourages readers to notify us immediately of any apparent inaccuracies or ambiguities.

4 Contact us via email at or write to Standards Australia, GPO Box 476, Sydney, NSW 2001. Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648). AS 8001 2008 Australian Standard Fraud and corruption control Originated as AS 8001 2003. Second edition 2008 . COPYRIGHT Standards Australia All rights are reserved. No part of this work may be reproduced or copied in any form or by any means, electronic or mechanical, including photocopying, without the written permission of the publisher. Published by Standards Australia GPO Box 476, Sydney, NSW 2001, Australia ISBN 0 7337 8522 0 Licensed to Mr Wayne Carney on 3 July 2010.

5 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648).AS 8001 2008 2 PREFACE This Standard was prepared by Standards Australia Committee MB-004, Business Governance, to supersede AS 8001 2003. Major revisions to the Standard include changes to structure and format; increased consideration of information systems as an enabler of fraud and corruption and as a means of detecting fraud and corruption; expanded guidance on the suggested role of the internal audit function in controlling the risk of fraud and corruption; separate consideration of corruption and the ways in which corruption risk can be managed; increased emphasis on example setting by senior executives as an important element of an entity s integrity framework; upgraded fraud risk assessment methodology (to bring it into line with changes to AS/NZS 4360:2004).

6 Upgraded employment screening guidelines; new customer and supplier vetting guidelines; and reference to the role of the external auditor in fraud detection. The objective of this Standard is to provide an outline for a suggested approach to controlling the risk of fraud and corruption within a wide range of entities across all industry sectors and in government. This revision reflects recent changes in the approach to controlling fraud and corruption in the Australian economy made necessary by technological advancement and the way business is conducted. This Standard is part of the Corporate governance series which comprises AS 8000 Good governance principles AS 8001 Fraud and corruption control (this Standard) AS 8002 Organizational codes of conduct AS 8003 Corporate social responsibility AS 8004 Whistleblower protection programs for entities In addition, the Standard links to other Standards as referred to herein AS/NZS 4360 Risk management (and companion handbooks HB 436:2004, Risk Management Guidelines Companion to AS/NZS 4360:2004 and HB 158 2006, Risk management Delivering assurance based on AS/NZS 4360.)

7 2004) AS 4811 Employment screening Additional guidance on applying this Standard in controlling the risk of fraud and corruption can be found in Fraud Resistance A practical guide published by SIRCA and available from Standards Australia. Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648). 3 AS 8001 2008 The term informative has been used in this Standard to define the application of the accompanying appendices. An informative appendix is for information and guidance only and should not be considered part of the Standard.

8 Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648).AS 8001 2008 4 CONTENTS Page 6 SECTION 1 SCOPE AND GENERAL SCOPE .. 11 11 MINIMUM ACCEPTABLE COMPLIANCE AND GUIDANCE PROVISIONS .. 12 12 REFERENCED DOCUMENTS .. 13 REFERENCES TO OTHER ANTI-FRAUD AND ANTI-CORRUPTION 14 DEFINITIONS .. 14 APPLICATION OF RISK MANAGEMENT PRINCIPLES TO FRAUD AND CORRUPTION 16 STRUCTURE OF THIS STANDARD .. 17 SECTION 2 PLANNING AND RESOURCING 19 FRAUD AND CORRUPTION CONTROL PLANNING.

9 19 REVIEW OF THE FRAUD AND CORRUPTION CONTROL PLAN .. 20 FRAUD AND CORRUPTION CONTROL RESOURCES .. 21 INTERNAL AUDIT ACTIVITY IN THE CONTROL OF FRAUD AND 22 SECTION 3 PREVENTION 25 IMPLEMENTING AND MAINTAINING AN INTEGRITY 25 SENIOR MANAGEMENT COMMITMENT TO CONTROLLING THE RISKS OF FRAUD AND CORRUPTION .. 27 LINE MANAGEMENT ACCOUNTABILITY .. 28 INTERNAL 29 ASSESSING FRAUD AND CORRUPTION 30 COMMUNICATION AND 38 EMPLOYMENT 39 SUPPLIER AND CUSTOMER VETTING .. 40 CONTROLLING THE RISK OF 41 SECTION 4 DETECTION 43 IMPLEMENTING A FRAUD AND CORRUPTION DETECTION 43 ROLE OF THE EXTERNAL AUDITOR IN THE DETECTION OF 45 AVENUES FOR REPORTING SUSPECTED 45 WHISTLEBLOWER PROTECTION 46 SECTION 5 RESPONSE 47 POLICIES AND 47 47 INTERNAL REPORTING AND 49 DISCIPLINARY PROCEDURES.

10 49 Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only. Storage, distribution or use on network prohibited (10128648). 5 AS 8001 2008 Page EXTERNAL REPORTING .. 50 CIVIL ACTION FOR RECOVERY OF LOSSES POLICY FOR RECOVERY 50 REVIEW OF INTERNAL CONTROLS .. 51 INSURANCE CONSIDERATION OF THE NEED FOR FIDELITY GUARANTEE INSURANCE .. 51 APPENDICES A SUGGESTED FRAMEWORK FOR A FRAUD AND CORRUPTION CONTROL 52 B FRAUD RISK 54 Licensed to Mr Wayne Carney on 3 July 2010. 1 user personal user LICENCE only.