Assessment Activity 3
Review Fraud Control Activities
Fraud control requires the implementation of a number of control strategies which contribute to an effective fraud control framework, two of which are fraud prevention and fraud detection.
• Fraud prevention – involves those strategies designed to prevent fraud from occurring in the first instance.
• Fraud detection – includes strategies to discover fraud as soon as possible after it has occurred.
Consider the following specific examples Fraud
• Unauthorised private use of the organisation’s motor vehicles.
• Using client money for private benefit.
• Inappropriately manipulating allowance payments.
• Falsifying travel claims or cab charge vouchers.
• Falsifying timesheets.
• Conspiring unfairly with others to get a tender.
• Running a private business in working hours.
• Stealing equipment or….