FRAUD EXAMINATION ALBRECHT & ALBRECHT THE NATURE OF FRAUD CHAPTER 1 INTRODUCTION TO FRAUD

Describe the Seriousness of Fraud INTRODUCTION TO FRAUD

What are the estimated costs and impacts of fraud? INTRODUCTION TO FRAUD

Explain how $1.00 in fraud represents $1.00 lost profits. INTRODUCTION TO FRAUD

Define fraud What it is and what it isn’t. INTRODUCTION TO FRAUD

Why are we so often conned? INTRODUCTION TO FRAUD

Classify frauds and give an example of each INTRODUCTION TO FRAUD

List keys to occupational fraud and define INTRODUCTION TO FRAUD

Complete this chart Type of Fraud Victim Perpetrator Explanation INTRODUCTION TO FRAUD

Differentiate between direct and indirect embezzlement INTRODUCTION TO FRAUD

What are the two types of vendor fraud? Define Collusion INTRODUCTION TO FRAUD

Explain what customer fraud is. INTRODUCTION TO FRAUD

Match terms to definitions Employee embezzlement Management fraud Investment scams Vendor fraud Customer fraud ACFE Association of Certified Fraud Examiners Employees taking employers assets Overcharge for goods, or ship inferior goods Selling worthless investments to unsuspecting investors Manipulation of financial statements by management Getting something for nothing, not paying for goods & services INTRODUCTION TO FRAUD

FRAUD IS A CRIME INTRODUCTION TO FRAUD

Differentiate between criminal and civil responses to fraud Criminal Case Civil Case Purpose Consequences Burden of Proof Jury Organization Verdict Claims INTRODUCTION TO FRAUD

Complete the Chart of Fraud Careers Employer Type of Work INTRODUCTION TO FRAUD