Write Your Evaluation of approximately 1,200 words:1.Describe how the principles should be implemented in your business. For each principle:Describe the risks you identified.Explain why its important to address these risks.Describe the risk management processes you would implement.2.Evaluate the strength of your businesss fraud risk governance. Summarize the conclusions you reached based on the Fraud Risk Scorecard results. What factors had you already considered? What factors will you need to address?Additional instructions attached. Also attached is the Score card and an attachment describing the small business that needs to be evaluated.You can also add additional risk is there is not enough risk on the score card- embellish the score card .
Sample solution
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
References
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.
Sample Answer
Sample Answer
Evaluating Fraud Risk Governance in Small Businesses
Introduction
Fraud risk governance is a critical component of any business, regardless of its size. Small businesses, in particular, are vulnerable to fraud due to limited resources and oversight. In this evaluation, we will assess the fraud risk governance of a small business and provide recommendations for strengthening its processes.
Implementing Principles in the Business
Principle 1: Establish a Strong Tone at the Top
Risks Identified: Lack of clear communication from management regarding ethical behavior and zero-tolerance for fraud.
Importance: Without clear leadership on ethical standards, employees may not understand the seriousness of fraud prevention.
Risk Management Process: Implement regular training sessions for employees on ethics and fraud prevention, ensure that management leads by example in ethical behavior.
Principle 2: Assess Fraud Risk
Risks Identified: Inadequate risk assessment leading to unidentified vulnerabilities.
Importance: Without understanding specific fraud risks, the business may be exposed to potential fraud schemes.
Risk Management Process: Conduct a thorough fraud risk assessment annually, engage external auditors for a fresh perspective, and involve cross-functional teams in identifying potential risks.
Principle 3: Implement Control Activities
Risks Identified: Weak internal controls and segregation of duties.
Importance: Inadequate controls can lead to unauthorized transactions and manipulation of financial records.
Risk Management Process: Implement segregation of duties, regularly review access controls, and conduct surprise audits to ensure compliance.
Principle 4: Develop Fraud Prevention Policies
Risks Identified: Absence of formal fraud prevention policies and reporting mechanisms.
Importance: Clear policies set expectations for employees and provide guidelines for reporting suspicious activity.
Risk Management Process: Develop a comprehensive fraud policy manual, establish anonymous reporting channels, and conduct periodic reviews of policy effectiveness.
Principle 5: Monitor and Investigate
Risks Identified: Lack of monitoring mechanisms for detecting fraud in real-time.
Importance: Timely detection is crucial to prevent ongoing fraud schemes.
Risk Management Process: Implement data analytics tools for continuous monitoring, conduct regular internal audits, and establish an investigation team to address any suspected fraud incidents promptly.
Evaluating Fraud Risk Governance Strength
Based on the assessment using the Fraud Risk Scorecard provided, several strengths and areas for improvement have been identified.
Strengths
– Clear Tone at the Top: The management demonstrates a commitment to ethical behavior.
– Basic Control Activities: Some control activities are in place, such as regular reconciliations.
Areas for Improvement
– Fraud Risk Assessment: The business needs to enhance its risk assessment process to identify specific fraud risks.
– Control Activities: Strengthening internal controls and segregation of duties is crucial to mitigate fraud risks effectively.
– Fraud Prevention Policies: Developing formal policies and reporting mechanisms will help in creating a robust anti-fraud framework.
– Monitoring and Investigation: Implementing real-time monitoring tools and establishing an investigation team are essential for proactive fraud prevention.
Conclusion
In conclusion, effective fraud risk governance is indispensable for the sustainability and success of small businesses. By implementing the principles outlined and addressing the identified risks, businesses can enhance their resilience against fraud threats. Continuous evaluation and improvement of fraud risk governance processes are essential to adapt to evolving fraudulent schemes and protect the business’s assets and reputation.
