FRAUD AWARENESS - Part 1

Do the employees in your organization understand the preconditions of Fraud?

Stakeholders rely and place their trust on people, procedures, systems, and processes. Failure to act in accordance with integrity, ethics, and values can attract financial and criminal penalties for the organization and its employees and restrictions on its operations.

Have a look at this video to understand the “How”, “Why” and “Why not” of fraud.

Learning Objectives:

Fraud Definitions
The Fraud Triangle - Preconditions to Fraud:
Rationalisation/Incentives
Motive/Pressure
Opportunity

Fraud Vs. Errors
Why should we discuss Fraud?
Why and how Fraud happens?
Root causes of Fraud
The perfect Storm for Fraud