Management attitude is key: The management’s approach and perspective are key towards shaping the organisational culture. The tone at the top is essential when it comes to mitigating fraud in businesses and dealing with issues related to compliance.

Induce a collective conscience: The ethical fabric of an organisation is critical for the creation of sustainable business practices. It is therefore important to develop a code of ethics encompassing the organisation’s core values, which will drive a sense of responsibility into every business association. This will help deter the eventuality of misconduct at an innate level.

Training across levels: The formulation of an ethical framework would be incomplete unless employees don’t understand it. Hence, it is necessary that every employee should be given the right training, as it plays a key role in emphasising the company’s commitment towards curbing fraudulent practices. Ultimately, these sessions ensure that employees are attentive about dos and don’ts and conduct business responsibly.