The impact of the Fraud Examiners on Fraud Risk Management in Lehman Brothers Inc. in the financial crisis in the United States

Abstract

In this research we try to provide a practical recommendation to help the business leaders prevent and detect the fraud in various business environment, these strategies may help the companies to make difference when it comes to fraud risk management through highlighting the importance of fraud examiners in the fraud risk management. Moreover, fraud examiners can help corporates monitor and control their fraud exposures using five main principles, Risk governance, Risk assessment, Control Activities, Investigation and Corrective Action, Risk Monitoring. This research focuses on the pivotal role of fraud examiners in preventing and detecting fraud particularly in the United States. Through an examination of historical financial scandals such as Enron, Lehman Brother Inc, …etc., corporate governance, risk management theories. The study aims to elucidate the multifaceted contributions of fraud examiners. Adopting a mixed-methods approach involving qualitative interviews and quantitative surveys, the research seeks to uncover the impact of the fraud examiners on identifying, preventing, and addressing fraudulent activities which hold implications for the corporate governance, financial stability, and investor confidence. Association of Certified Fraud Examiners. (2022) report to the Nations on Occupational Fraud and Abuse, found that fraud examiners who are independent of the entity being audited are more likely to be objective and impartial in their investigations. They are also less likely to be influenced by management or other employees who may be involved in the fraud