1. Thomas G. Keeton Patricia L. Keeton

2.  Define Fraud  Identify Fraud Characteristics  Tone at the Top & Easy Cheats  Risk Assessment Tools  The Next Step

3.  A material false statement  Knowledge that the statement was false when it was uttered  Reliance on the false statement by the victim  Damages resulting from the victim’s reliance on the false statement 3

4. 4 Opportunity PressureRationalization

5.  Global survey  Measuring the costs of occupational fraud  5 percent lost to fraud  $3.5 trillion worldwide 5

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11.  Skimming  Larceny  Expense Reports  Procurement  Ghosts  Vehicles  Conflict of Interest

12.  Life Style  Crisis  Little time off

13.  Tone at the top  AIS review  Hot line  Make an example  Develop a plan & monitor

14.  Benefits  Who  Tolerance & Policy  Process Controls  Environment Controls  Proactive Detection

15.  ACFE.com  Wells, JT. 2014. Principles of Fraud Examination. Wiley.  ACFE. 2014. Report to the Nations- on Occupational Fraud and Abuse.  Albrecht, WS. 2012. Fraud Examination. Cengage.

17. Dr. Patricia L. Keeton Four K Group PattiKeeton@aol.com 410-603-4113 443-593-8301 Dr. Thomas G. Keeton, CPA, CFE Four K Group tgkeeton@Salisbury.edu 410-603-4117 443-593-8301