Type Of Fraud,How Fraud Occurs & Fraud Prevention Measures

July 27th, 2007 /

Append below are the articles from my other audit blog which I believe can assist the readers to enhance his or her knowledge on fraud. Using a nicer term, we call it the various ways of doing Creative Accounting.

Articles on Types Of Fraud, How It Can Happens And Possible Fraud Prevention

So, here it is – some of the following commonly Creative Accounting Gimmicks!

1 -Manipulating Sales and Accounts Receivables Interesting articles to read:

(a) Example of Revenue Swaps & Violation Of Cut Off Period

(b) article regarding the trick in using revenue recognition to artificially inflate sales figures with the main objective of bloating the bottom line

2 -Manipulating Stocks and Cost of goods

3 -Understating liabilities expense

4 -Overstating Assets

5 -Disclosure fraud6-Window Dressing Purpose And Some Of The Ways To Do It

6, What Is Teaming And Lading & How To Prevent it

Possible Fraud Prevention Strategies

Understand the possible strategies to alleviate or prevent fraud and where risk of fraud can be higher! :

Fraud-prevention-Possible-strategies

Fraud-circumstances-Where risk of fraud can be higher