Fraud experts have long suggested that the presence of three conditions (pressure, rationalization and opportunity) greatly increases the likelihood that an employee will commit fraud. This is known as the “fraud triangle.” Over the years, the original triangle framework has been expanded to add capability (generally fraud-prone personality characteristics) to define a “fraud diamond.” Other
fraud risk Archives - Crawford Ellenbogen
Sep 11, 2019
Jul 31, 2019
Assess for fraud risk before you experience financial losses
- By Ellenbogen
- Fraud
- 0 Comments
Privately held businesses aren’t required to conduct fraud risk assessments, but you should do so anyway. In general, there are four ways employees might exploit your system: Fraudulent financial reporting, misappropriation of assets, improper expenditures and illicitly obtained revenue and assets. To prevent these schemes, interview executives and managers to ensure they’re setting the right