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

2. Describe the Seriousness of Fraud
INTRODUCTION TO FRAUD

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

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

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

6. Why are we so often conned?
INTRODUCTION TO FRAUD

7. Classify frauds and give an example of each
INTRODUCTION TO FRAUD

8. List keys to occupational fraud and define
INTRODUCTION TO FRAUD

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

10. Differentiate between direct and indirect embezzlement
INTRODUCTION TO FRAUD

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

12. Explain what customer fraud is.
INTRODUCTION TO FRAUD

13. 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

14. FRAUD IS
A CRIME
INTRODUCTION TO FRAUD

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

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