Occupational frauds
Occupational frauds: the typical perpetrator
The personal profile of most perpetrators is similar to that of an honest individual
Occupational frauds: the role of the internal control system
The lack or inadequacy of internal controls contribute to the occurrence of frauds.
Occupational frauds: who are the victims?
No organization is free from the risk of frauds, but the typical victim is a private profit company
Occupational frauds: how they are detected
In most cases (68%) frauds are detected by tips, internal audit and management review.
Occupational frauds: how they are committed
Misappropriation is the most common form of occupational fraud, besides corruption and financial statements frauds.