Fraud is alive and well – learn to detect and prevent
366 Detecting Fraud
Boards of Supervisors, county executives/ administrators and auditors have a fiduciary responsibility to oversee the financial operations of the county. This course identifies the seven most common instances of fraud in local governmental entities through an interactive discussion and review of several recent headlined fraud cases. It examines conditions within entities that leave them susceptible to fraud. Highlighted topics include: personal fraud, fraudulent charging of expenses, overriding purchasing controls, personal use of public assets, kickbacks, and control weaknesses. Objectives are: 1) ascertain specific conditions in policies and procedures that can lead to fraud before it occurs in seven common instances, 2) key elements of sound policies and procedures in purchasing, payroll, disbursement and collections and 3) understand how to specifically revise policies and procedures in order to stop these kinds of frauds from occurring.