04202221 - Level I Training Book

CommonTypes of Fraud: Corrupt Schemes

• Fraudulent Statements • Falsification of an organization’s financial statements to conceal the misappropriation of funds. • Involve a falsification of financial statements • This is the costliest form of occupational fraud

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► Phony Invoices

► Inflated Invoices ► Personal Use Invoices

BILLING SCHEMES

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Homer Law, Chtd. 2006

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