Tag Archives: Fraud

Payroll Fraud

Written by Arnold Shields on November 6, 2009 — Leave a Comment

The payroll is the largest expense area for many organisations, and one which should be controlled carefully. Nevertheless, payroll fraud accounts for 17% of all fraudulent disbursements suffered by organisations. There are three main types of payroll fraud – Ghost Employees, Overcompensation, and Bonus and Commission Schemes.

Posted in Case Studies, Forensic Accounting | Also tagged Case Study, Employee Fraud, Fraud Prevention

Detecting Purchasing Fraud

Written by Arnold Shields on August 4, 2009 — Leave a Comment

I thought that we should look at purchasing fraud, which covers purchases made by employees on company credit card or company account.

Posted in Case Studies, Forensic Accounting | Also tagged Approver, Approving Manager, Authorised User, Authorised Users, Cards, Company Credit Card, Concealment, Consumables, Employee Fraud, Expense Account, Forensic Accounting, Frauds, Genuine Business, Office Supplies, Personal Use, Purchase Voucher, Purchasing, Risk, Signature, Suitable Position, Worksite

Case Study 2: Fraud

Written by Arnold Shields on July 21, 2009 — Leave a Comment

It was expected that the fraud was relatively small. Over the course of the investigation, it was found that the fraud had been going on for a number of years.

Posted in Case Studies, Forensic Accounting | Also tagged Collusion, Company Directors, Employee Fraud, Internet Banking, Inventory Records, Personal Purchases