Fraud risk CANNOT be eliminated and can only Accepted, Avoided, Reduced or Transfer and the ironies are:
- FRAUD STARES AT US AND WE CHOOSE TO IGNORE IT. THE TELL TAIL SIGNS ARE STARING AT US AND WE KNOWINGLY OR UNKNOWINGLY CHOOSE TO IGNORE IT.
- COMPLYING WITH REGULATIONS WILL ENABLE YOU TO COMMIT FRAUD
This program entails deliberation of different schemes that perpetrators hatch and how easily the FRAUD could have been uncovered but we choose to ignore it. The program touches on the following processes:
- Sales and Receivables
- Procurement and Payment
- Financial Statements
- Human Capital