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Unformatted text preview: s and shortages Case Study Case Study • Cash thefts • One person responsible for collection, recording, deposit, reconciliation • Employee was trusted • Resume had omissions • Employee was pleasant, quiet and nice Case Study Case Study Travel theft • Double Dipping/Triple Dipping • Embellishment of expense • Excessive mileage • Tips included • Free lunch Suspected Fraud What should
Suspected Fraud What should
You Do? • Report your suspicions to
Your supervisor or higher
Internal Control Officer
Dividsion Vice President
“Silent Witness” program
• Written report preferred but not necessary
• Confidentiality is maintained Contd….
Contd…. • Do not question the person • Do not investigate thematter on your own • Follow Fraud Policy Formal Inquiry Fraud Team Established Vice Presidents/Senior Administrator The Legal Counsel Internal Control Human Resources Formal Inquiry
Formal Inquiry IC coordinator • Notifies the Senior administrators. • Coordinates legal arrangements between the • Ensures appropriate reports are prepared and distributed Administrators, AG and others) Internal Control
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- Winter '14