{"id":302,"date":"2019-09-20T13:54:04","date_gmt":"2019-09-20T18:54:04","guid":{"rendered":"https:\/\/www.nicholls.edu\/internal-audit-department\/?page_id=302"},"modified":"2019-09-20T13:54:04","modified_gmt":"2019-09-20T18:54:04","slug":"examples-of-fraud","status":"publish","type":"page","link":"https:\/\/www.nicholls.edu\/internal-audit-department\/fight-fraud-waste-and-abuse\/examples-of-fraud\/","title":{"rendered":"Examples of Fraud"},"content":{"rendered":"

Fraud can be very expensive in terms of monetary losses, loss of public trust, negative publicity, and potential litigation. It is very difficult to quantify the monetary losses associated with fraud, because not all fraud is known about.\u00a0 As such, it is imperative that all employees strive toward the prevention of fraud at the University.<\/em><\/p>\n

Altering documents<\/strong> (changing an actual document), including cash receipts, checks, expense reports, and time sheets<\/p>\n

Alumni Affairs \/ Development<\/strong>
\nKeeping gifts
\nOverstating amounts of gifts received<\/p>\n

Athletics<\/strong>
\nAthlete eligibility Camps
\nNCAA compliance
\nTicket sales
\nTravel<\/p>\n

Bribery<\/strong><\/p>\n

Conspiracy<\/strong><\/p>\n

Disbursements<\/strong>
\nCreate fake vendors to receive payments
\nInflate check amounts to payees
\nKickbacks<\/p>\n

Embezzlement<\/strong><\/p>\n

Equipment<\/strong>
\nImproper sale of
\nPersonal use of
\nTheft<\/p>\n

Falsifying documents <\/strong>(creating a fictitious document), including cash receipts, checks, expense reports, and time sheets<\/p>\n

Forging signatures on documents, <\/strong>including cash receipts, checks, expense reports, and time sheets<\/p>\n

Grants and Research<\/strong>
\nImproper charges to
\nKeeping research checks<\/p>\n

Intellectual Property (creations of the mind, such as patents, copyrights, and trademarks)<\/strong>
\nConflict of interest
\nImproper sale of
\nTheft<\/p>\n

Inventory<\/strong>
\nTheft of inventory items
\nTheft of scrap or surplus
\nMisappropriation of assets, including cash, equipment, property, and supplies
\nOutsourced Activities
\nUnderstating sales
\nGifts to management and other personnel Overstating inventory
\nFalse accounting records<\/p>\n

Payroll<\/strong>
\nCreating fictitious employees
\nInflating hours worked (padding the payroll)
\nKeeping former employees on the payroll
\nTheft of time<\/p>\n

Purchasing<\/strong>
\nBid rigging
\nKickbacks
\nPurchase of inferior products
\nPurchase of personal items<\/p>\n

Theft of assets, including cash, equipment, property, and supplies<\/strong><\/p>\n

Use of State property for personal gain<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Fraud can be very expensive in terms of monetary losses, loss of public trust, negative publicity, and potential litigation. It is very difficult to quantify the monetary losses associated with fraud, because not all fraud is known about.\u00a0 As such, it is imperative that all employees strive toward the prevention of fraud at the University. […]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":131,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-302","page","type-page","status-publish","hentry"],"yoast_head":"\nExamples of Fraud - Internal Audit Department<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nicholls.edu\/internal-audit-department\/fight-fraud-waste-and-abuse\/examples-of-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Examples of Fraud - Internal Audit Department\" \/>\n<meta property=\"og:description\" content=\"Fraud can be very expensive in terms of monetary losses, loss of public trust, negative publicity, and potential litigation. 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