What's your role in fighting Fraud?

 

How much fraud do you think is occurring in your organization?

 

Is your company aware of the red flags to identify fraud in various parts of the company?

Do you have a method for collecting data to support the amount of fraud that is being reported?

 

Do you think your company has the adequate capabilities to identify and prevent fraud?

 

Are you gathering the right information and documenting it in an appropriate manner to apprehend criminals?

 

If you feel challenged in being able to answer the questions specifically or even generally, your bottom line may be suffering as a result of subtle fraud.

 

At SCG, we recognize that organizations need to have a structured way to combat, prevent and detect the fraud that may be occurring in your organization. Not doing so can lead to a destructive environment with low morale impeding your organization’s ability to achieve success.

 

How to Identify Red Flags ?

 

Many know Joseph T. Wells as the guru of forensic fraud examination. His literature discusses “the fraud triangle” which helps provide understanding as to the motivations of why and how fraud occurs. The fraud triangle has three legs: 1) the opportunity 2) Pressure 3) Rationalization. Typically, when all three elements of the fraud triangle exist, fraud can be carried out.

 

Listed below are the three categories of changes in lifestyles which help trigger and identify red flags of frauds occurring and the associated perpetrators.

 

ü     Lifestyle changes

 

ü     Personal changes

 

ü     Outward signs of lifestyle changes

 

Reviewing these categories can give insight into potential fraud schemes occurring within your organization.

 

Review the Course Outline for Forensic Fraud Management Training

 

As providers of forensic fraud services, we also teach in-depth courses in our specialty.

 

To review the course outline for " Using Forensic Fraud Management to Dramatically Improve Your Company Performance"

click here.

Purchase Forensic Fraud Management Training

 

To purchase this training class, " Using Forensic Fraud Management to Dramatically Improve Your Company Performance" , click here.

 

Fraud Article Resources:

Please review these excellent articles on Forensic Fraud Management listed below.