Fraud Resources
Fraud Articles | Fraud Resources
Financial Executives International has teamed up with the Center for Audit Quality, the Institute of Internal Auditors and the National Association of Corporate Directors on a new anti-fraud quiz. The quiz contains 23 questions and you will be given your score at the end plus the correct answers for those questions that you missed.
Managing the Business Risk of Fraud: A Practical Guide
Fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. Regardless of culture, ethnicity, religion, or other factors, certain individuals will be motivated to commit fraud. A 2007 Oversight Systems study discovered that the primary reasons why fraud occurs are “pressures to do ‘whatever it takes’ to meet goals” (81 percent of respondents) and “to seek personal gain” (72 percent). Additionally, many respondents indicated that “they do not consider their actions fraudulent” (40 percent) as a reason for wrongful behavior.
Recognizing that only through diligent and ongoing effort can an organization protect itself against significant acts of fraud, this guide provides practical evidence for organizations committed to preserving stakeholder value. This guide can be used to assess an organization’s fraud risk management program, as a resource for improvement, or to develop a program where none exists.
KPMG Spots Red Flags for Identifying Fraudsters
KPMG has released a report in which the firm identifies the key traits of employees who could be committing fraud against their employers.
The report, “Who Is a Typical Fraudster,” is based on 348 cases that the firm analyzed and investigated for clients across 39 countries between 2008 and 2010. The report found that the warning signs were missed by companies in over half the cases.
Ten Things to Improve Your Next Internal Investigation
The Deloitte Forensic Center has published a list of ten things that their investigators believe will help you to improve your next internal investigation.
ACFE – Fraud Prevention Checkup
One of the ACFE’s most valuable fraud prevention resources, the
ACFE Fraud Prevention Check-Up is a simple yet powerful test of your company’s fraud health. Test fraud prevention processes designed to help you identify major gaps and fix them before it is too late.
Biggest Ponzi Schemes?
ACFE.com– The home page for the Association of Certified fraud Examiners
The ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with nearly 55,000 members, the ACFE is reducing business fraud world-wide and inspiring public confidence in the integrity and objectivity within the profession.
The ACFE’s 2010 Report to the Nations on Occupational Fraud and Abuse is based on data compiled from a study of 1,843 cases of occupational fraud that occurred worldwide between January 2008 and December 2009. All information was provided by the Certified Fraud Examiners (CFEs) who investigated those cases. The fraud cases in our study came from 106 nations — with more than 40% of cases occurring in countries outside the United States — providing a truly global view into the plague of occupational fraud.
The Report to the Nations provides vast amounts of valuable data for CPAs. A look at the following will give you an idea as to the scope of the Report:
- Key Findings and Highlights
- Conclusions and Recommendations
The data in the Report should be useful to CPAs in all disciplines
ACFE Publications – Click here for a link to ACFE publications
AICPA Forensic and Valuation Resources
AICPA has a significant amount of information relating to fraud prevention and detection in their Forensic and Valuation Section
Some of the items require FVS Section membership, but you may find that worthwhile if the content meets your needs.
Internet Fraud Resources
The US Government has several resources for Internet Fraud
If you discover fraud resources for CPAs that you believe should be added, please email phxmedi8r@aol.com and I will see that they are added.
