Basic Fraud Audit Pertemuan X Matakuliah: F0184/Audit atas Kecurangan Tahun: 2007

Bina Nusantara Mahasiswa diharapkan mampu mengidentifikasi langkah-langkah dalam melakukan audit atas kecurangan Mahasiswa dapat melihat red flag atau symptom atas suatu kejadian didalam setiap transaksi Mahasiswa dapat melakukan audit atas kecurangan Learning Outcomes 3

Bina Nusantara Audit Step Audit Guidance Audit Plan Identify fraud scheme and red flag Outline Materi 4

Fraudulent Disbursement Check TamperingRegister disbursement Billing Payroll Expense reimbursement 5 Bina Nusantara

Check Tampering Forged maker schemes Forged endorsement schemes Altered payee schemes Concealed check schemes Authorized maker schemes 6 Bina Nusantara

Check Tampering 7 Bina Nusantara

Forged Maker Schemes Obtaining the check –Employee with access to company checks –Employee lacking access to company checks To whom is check made payable –To the perpetrator –To an accomplice –Payable to “cash” –Payable to vendor Forging the signature –Free hand forgery –Photocopied forgery –Automatic check-signing instruments Miscoding fraudulent checks Converting the check 8 Bina Nusantara

Forged Maker Modus 9 Bina Nusantara

Forged Endorsement Schemes Intercepting check before delivery –Employee involve in delivery of check –Poor control of signed check –Theft of returned check –Re-routing the delivery of check Converting the stolen check 10 Bina Nusantara

Forged Endorsement Modus

Altered Payee Schemes Altering check prepared by other : –Inserting a new payee –Taking on Altering check prepared by the fraudster : –Eresable ink –Blank check Converting altered check 12 Bina Nusantara

Altered Payee Modus 13 Bina Nusantara

Concealed Check Schemes Employee prepares a fraudulent check and submits it Marker sign the check quicly and without adequate review 14 Bina Nusantara

Concealed Check Modus 15 Bina Nusantara

Authorized Maker Schemes Overriding control through intimidation Poor control Special project account Tampering with signature card 16 Bina Nusantara

Authorized Maker Modus 17 Bina Nusantara

Check Tampering Detection Account analysis through cut-off statement Bank reconciliation Bank confirmation Check tampering red flag –Voided check –Missing check –Check payable to employee –Altered endorsement or dual endorsement –Return check –Altered payee –Duplicate check 18 Bina Nusantara

Check Tampering Prevention Check disbursement control Bank assisted control Phisical tampering prevention Check theft control procedures 19 Bina Nusantara

Register Disbursement False Refund False Voids 20 Bina Nusantara

False Refund Fictitious refund Overstated refund Credit card refund 21 Bina Nusantara

False Refund Modus 22

False Void Employee withold the customer’s receipt at the time of sales. 23 Bina Nusantara

False Void Modus 24 Bina Nusantara

Register Disbursement Detection Fictitious Refund and Void Sales –Closely examine the documentation submitted with cash receipt Register Scheme Red Flag –Inappropriate employee segregation –Cashier have access to control key –Register refund not methodically review –Personal check from cashier found in register –Missing register tapes –Inventory total appear forced 25 Bina Nusantara

Register Disbursement Prevention Review the segregation of duty Access to register must be closely Maintain supervisor near area of the cash register Review supporting document for void and refund Review the numerical sequence and completeness of cash register tapes 26 Bina Nusantara