Asset Misappropriation
Most common target of misappropriation.
What is cash?
Drawing an insufficient check on one account to deposit into another.
What is kiting?
James Warner, Wayne County Airport Exec., committed these crimes.
What are bribery and kickbacks?
Continuously analyzing every transaction to detect improper activities.
What is continuous auditing?
Egotistical, greedy, pressure to perform, financially needy.
What is profile of a fraudster?
Large amounts of cash on hand presents this.
What is opportunity?
Writing checks to yourself from your company.
What is embezzlement?
Dixon, Illinois.
Who is Rita Crundwell?
Best risk assessment approach to identify frauds; a chart of 64 squares.
What is Chessboard Method?
Two ways to prevent employee fraud.
What is hotline, ethics policy, mandatory vacation, rotate jobs, etc.
Top effect on an organization of fraud.
What is employee morale?
Bribery and extortion fall under this fraud category.
What is corruption?
Washington DC Office of Tax and Revenue
Who is Harriett Walters?
Pictorial display of personal relationships among related or unrelated parties.
What is genogram?
1 of 4 discrepancies that may indicate fraud.
What is incomplete transactions, unsupported balances, last minute adjustments, improper access?
Policy on situations to avoid.
What is conflict of interest policy?
Double billing and shell companies, for example.
What is accounts payable fraud?
King of the Ponzi scheme
Who is Bernie Madoff?
Shows the flow of funds from bank-to-bank to entity-to-entity.
What is a tracing schedule?
The basis for undertaking a fraud investigation.
What is predication?
Coined the term white-collar crime.
Who is Edwin Sutherland?
Robbing Peter to pay Paul.
What is lapping?
Catch Me If You Can
Who is Frank Abagnale?
Shows associations between people and data.
What is link analysis?
Additional revenue needed to make up for a $10,000 loss with a 40% profit margin.
What is $25,000?