Provide a stepwise synthesis for the following. 
Definitions:
Approved Supplier Master File
A comprehensive list of suppliers that have been vetted and approved by a company to provide goods or services, ensuring quality and reliability.
Collusion
Collusion refers to a secret or illegal cooperation or conspiracy, especially among firms, to deceive or gain an unfair advantage.
Fraud Committee
A group formed within an organization tasked with overseeing the detection, investigation, and prevention of fraudulent activities and ensuring financial integrity.
Segregation of Duties
An internal control measure that involves dividing responsibilities among different people to reduce the risk of error or inappropriate actions in financial transactions.
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