Does your government have hidden fraud? Are there ways you can mend control weaknesses that lead to thefts?
Here is a presentation concerning local government fraud. Though the slides address Georgia frauds, you’ll see practical fraud prevention steps you can take, regardless of where your government is.
ZenFraud – How to Become a Master Thief
Fraudsters think and act in certain ways. I put this presentation together to provide auditors with insight into how white-collar criminals rationalize their actions and carry them out. A successful fraudster will:
- Be believable
- Have a cause
- Develop a plan
- Calm his or her conscience
- Execute the plan
- If caught, settle out of court
Click this link to see the presentation: ZenFraud-How to Become a Master Thief. (Feel free to use the slide deck for internal training in your organization.)
By reviewing these considerations, you’ll have a better understanding into what fraud signs you should look for while auditing a company, government, or nonprofit.