Abstract:
In this article, the authors seek to emphasize the risk factors that may occur due to not implementing or faulty implementation of corporate governance for credit institutions, and its role in fraud prevention and detection. To avoid inappropriate governance, top management should have special preoccupations for the development of strategies, developing internal control policies by which to determine and evaluate the risks of the organization. Corporate governance starts with a broad range of beneficiaries (stakeholders) who contribute with resources to an organization (investments, taxes, charitable contributions, etc.) Those members are the direct and indirect beneficiaries of the organizational unit to be regulated. Corporate governance involving several parties: the leadership board, the internal auditors or those of the external environment. In some cases, regulatory authorities or professional associations, contribute to this process.
