Case Studies On Frauds In Different Types Of Industries
Asset misappropriation is the most common type of fraud in the work place, and it is the easiest to understand. This might include things like theft of the money, stock theft, check forgery, payroll fraud and theft of services. According to the recent survey, asset misappropriation occurs in over 91% of fraud scheme (Mahdawi, 2009).
Analysis of the types of frauds and forgeries perpetrated show that the most common types are: ATM fraud; fraudulent transfers/withdrawals; internet banking; lodgement of stolen warrant.
Common frauds by local project officials included: Diverting project assets – from computers to automobiles to heavy road grading equipment – to private use. Even such petty abuses can seriously disrupt a project: four-wheel drive vehicles stripped of tires, batteries and other parts become unavailable for visits to project sites, leading to deterioration and delays in.
Accounts receivable fraud takes place through many different types of schemes: lapping, fictitious sales, skimming and more. Check out The Definitive Guide to Accounts Receivable Fraud for a full look into this type of fraud. Preventing & Detecting Accounting Fraud. To prevent and detect accounting fraud: