Big4Guy

Confessions, Thoughts, Observations and Musings of a Big4Guy

Big4Guy

Welcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.

Post details: Common Forms of Fraud - Part 2

12/21/05

10:43:27 pm, Categories: Sarbanes Oxley, 117 words

Common Forms of Fraud - Part 2

Continuing my series on Some Common Type of Frauds found in organizations today, I am adding some seven new types to my previous list. Here goes....

1. Selling waste and scrap and pocekting proceeds

2. Falsifying inventories to cover thefts

3. Carrying employees on payroll even after their termination

4. Giving special prices, privileges to some customers and / or granting business to favoured suppliers

5. Shipping stolen goods to employee address / home.

6. Colluding with suppliers for receiving kickbacks.

7. Altering dates on deposit slips to cover stealing.

In case you are reading this and know of more types of fraud please add the same to the comments below. I will update the same in my next post.

More on Common Types of Fraud....>>