Conflicts of Interest: Purchasing Schemes Sales Schemes
Common Types of Fraud: Corruption
Bribery: Invoice Kickbacks Bid Rigging
23
Common Types of Fraud: Financial Statement Fraud • Falsification of an organization’s financial statements to conceal the misappropriation of funds. • Involve a falsification of financial statements. • This is the most costly form of occupational fraud with a median loss of $800,000 in 2018 Report.
24
Homer Law, Chtd. 2020
12
Made with FlippingBook - Online catalogs