Chapter 6 Payroll Schemes Payroll Schemes Similar to billing schemes in that they are based on a fraudulent claim for payment that causes the victim to unknowingly make a fraudulent disbursement. 1. Payroll Scheme Data a. Frequency and cost: 20% of
Chapter 2 Skimming Skimming is the theft of cash from a victim entity prior to its entry in an accounting system. - Known as "off-book" frauds because it's before it's recorded. - Can occur at any point where funds enter a business, so anyone who d
Fraud Examination Methodology
a. The totality of circumstances that would lead a reasonable,
professionally trained, and prudent individual to believe a fraud has
occurred/is occurring/will occur.
2. Fraud Theory Approach