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  • Fraud Detection

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    William Mhekela
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    This document provides examples and signals of fraud across six main areas: cash and cash sales, accounts receivable/sales, inventory/cost of sales, accounts payable, payroll, and kiting. Specific fraud scenarios are described within accounts receivable/sales, inventory/cost of sales, and accounts payable, including destruction of ledgers, lapping, intercepting receipts, diverting receipts, manipulating write-offs, excessive write-downs, internal theft, false bills of lading, and unrecorded liabilities.

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    Frauds

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    This document provides examples and signals of fraud across six main areas: cash and cash sales, accounts receivable/sales, inventory/cost of sales, accounts payable, payroll, and kiting. Specific fraud scenarios are described within accounts receivable/sales, inventory/cost of sales, and accounts payable, including destruction of ledgers, lapping, intercepting receipts, diverting receipts, manipulating write-offs, excessive write-downs, internal theft, false bills of lading, and unrecorded liabilities.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Fraud Detection

    Uploaded by

    William Mhekela
    This document provides examples and signals of fraud across six main areas: cash and cash sales, accounts receivable/sales, inventory/cost of sales, accounts payable, payroll, and kiting. Specific fraud scenarios are described within accounts receivable/sales, inventory/cost of sales, and accounts payable, including destruction of ledgers, lapping, intercepting receipts, diverting receipts, manipulating write-offs, excessive write-downs, internal theft, false bills of lading, and unrecorded liabilities.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Fraud Detection: Scenarios &

    Tests by Process
    • Screen shot of first page of Fraud Detection: Scenarios & Tests by ProcessThis
    guide provides examples and signals of fraud in six areas.

    • Fraud areas include: cash and cash sales, accounts receivable/sales,


    inventory/cost of sales, accounts payable, payroll, kiting; accounts
    receivable/sales include destruction of ledgers, lapping, intercepting receipts and
    destroying invoices, diverting receipts and manipulating write-offs, selling a
    company, inter-company receivables; inventory/cost of sales include excessive
    write-downs, internal competitor, the branch X case, phone theft, procurement
    schemes, false bills of lading; accounts payable include unrecorded liabilities;
    others include claims department of insurance company, shipping expenses, ad
    expenses, payments to contractors, U.S. Inc. and Arson.

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