Fraud
Purchasing
Payroll
Internal Control
100

This model explains why otherwise honest employees may commit fraud.

What is the fraud triangle.

  • Opportunity: The ability to commit fraud, often due to weak internal controls.
  • Incentive: The motivation or pressure to commit fraud, such as financial difficulties or personal gain.
  • Rationalization: The justification for the fraudulent act, allowing the individual to reconcile their actions with their values
100

Purchases must align with this approved financial plan.

What is the budget.

100
Payroll transactions are posted for reporting purposes during this process.

What is the month end process.

100

This internal control ensures that no single individual has control over all aspects of a transaction..

What is separation of duties

300

Splitting purchases to avoid approval limits is this type of fraud.

What is procurement fraud.

300

According to the Purchasing Manual, the CEO can sign contracts up to this amount. 

What is $5 Million. 

Contracts above this limit need to go to the board.

300

Supervisors should take this step if they are going on vacation and timecards will need to be approved during their absence.

What is request a back up approver.

300

A password that limits access to a system or data is which type of controle.

What is preventative.

500

The largest municipal fraud in US history originating in Dixon Illinois is the subject of this documentary.

What is All the Queen's Horses. 

All the Queen's Horses tells the story of Rita Crundwell, the perpetrator of the largest case of municipal fraud in American history by stealing $53 million.

500

According to the GVEA Purchasing Manual, this is the unbudgeted spend limit for the CEO.

What is $500,000.  

Unbudgeted items above this amount must go to the board for approval.

500

During payroll processing weeks, time cards should be approved by this day and time.

What is Monday by 10:00 am.



500

A reconciliation or review is this type of control. 

What is detective.

M
e
n
u