Many experts believe that the majority of frauds within an organization involve employees and executives, with a desire from a combination of selfish greed, quests for power and disregard for the impact of their fraudulent decisions on shareholders and employees. An organization can work to prevent, deter and detect fraud by utilizing a fraud risk assessment and creating an anti-fraud program. Ethics and integrity of management and employees are the foundation of a control system, and major frauds occur due to managers that lack ethics and integrity. To manage the cost of fraud, a proper implementation of an effective and visible anti-fraud program that identifies the fraud risk and is balanced out with the internal controls to manage this cost. An effective organizational architecture seeks intended results in education, detection and deterrence, through interlaced corporate culture, organizational structure and compliance system. Organizational architecture should be tailored to fit an organization’s specific needs and circumstances, which improve firm performance. Corporate culture sets the moral tone for an organization and can be defined as the statements, visions, customs, values, and role models. The visions and commitments from leadership can play a significant role in reducing corruption. A control framework, such as COSO, should then be implemented that includes policies and procedures, which provide the definition of the scope and activities of organizational functions, and include the communication and relationships internally and externally throughout the organization.…