Management and Organizational Studies 1023A/B Chapter 1: Fraud Examination
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MOS 1023A/B Full Course Notes
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Examiner has to be knowledgeable in examination of financial statements, books and records, and supporting documents. Individuals against organizations (e. g. insurance fraud: organization against individuals (consumer fraud, former refers to people who work for organizations (most common) Is clandestine: violates the employee"s fiduciary duties to the organization. Is committed for the purpose of direct or indirect financial benefit to the employee: costs the employing organization assets, revenues, or reserves, fraud, fraud - any crime for gain that uses deception. The employee had knowledge that the statement was false. The company has suffered damages: stealing - larceny. If a teller stole from his cash drawer, it would be defined as fraud. If they cant chare that they"re financial pressure, they wouldn"t be able to share the fact that they were turning to illegal means. It is the circumstances that led to embezzlement that creates the secrecy in the perpetrator"s mind.