Ch.+6+Slides - Employee Fraud and the Audit of Cash CHAPTER...

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 6 P R O F E SS O R C A N N O N Employee Fraud and the Audit of Cash
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Employee Fraud Management Fraud vs. Employee Fraud Employee Fraud (misappropriation of assets) the use of fraudulent means to take money or other property from an employer.
Image of page 2
Definitions Related to Employee Fraud White collar crime Typically fraud perpetrated by people who work in offices Embezzlement vs. Larceny Embezzlement – wrongfully taking money or property entrusted to the thief’s care , custody, or control Larceny / simple theft – not entrusted to an employee's care, custody, or control. Defalcation is another name for employee fraud and embezzlement . Defenestration 6-3
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Fraudster Red Flags Drink too much/drugs Easily irritated Defensive/Argumentative Can’t look people in the eye Sweats excessively Works alone / Works late / Losing sleep Finds excuses and scapegoats for mistakes Otherwise “clean” appearance
Image of page 4
What does a Fraudster Look like? Educated beyond high school Likely to be married Probably not tattooed Member of a church, temple, synagogue Socially conforming No arrest record Usually act alone (> 70% of incidents)
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
LIESPOTTING “How to Spot a Liar” TedTalk
Image of page 6
Detecting Fraud “The Best (and worst) ways to spot a liar”
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern