A recent Businessweek article discussed the craziest things employees tried to expense in 2012. Some of the strange items included live baby octopuses, deer urine and a trip for a job interview. These items are so outrageous, it is pretty easy to see why
The scope of an auditor’s job expands constantly. One major aspect of the function is to guard against fraud. Auditors perform a variety to techniques to test for fraud. Two of the most essential fraud discovery techniques are observation and inquiry. Done right, auditors can become valuable organizational assets. Done wrong, auditors can be viewed as overzealous obstacles.
To be successful, auditors must
I am not sure if there are more people committing fraud, more getting caught, better fraud news coverage or a combination of all, but there seems to be new fraud stories hitting the headlines daily. There seems to be no shortage of individuals willing to risk their freedom and reputation for a few dollars. They range from small to large dollar amounts, to elaborate & sophisticated or simplistic & stupid. Take for example
1. The million dollar Michigan lottery winner who was recently sentenced to probation for receiving $5,475 in food assistance after winning.
2. The convicted rapist who continued to apply for housing benefits