Fraud 3 / 6

Fraud is an intentional act involving deception to gain unjust or illegal advantage.

Some fraudulent activities include:

  • Inflating expense claims

  • Manipulation of financial statements

  • Teeming and lading

  • Ghost employees

  • Collusion with third parties

Three conditions or risk factors are necessary for fraud to be committed:

  • Incentive

  • Opportunity

  • Attitude/Dishonesty

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