What common frauds occur in governments and not-for-profits and how could they have been avoided? Through an informative case study approach, this course illustrates common frauds that make headlines and damage the reputations of government and not-for-profit organizations.
- Interim financial reporting
- Misappropriation of benefits
- Personnel fraud
- Grant expense allocations
- Misappropriation of assets
- Management override
- Bribes and kickbacks
- Fictitious employees
- Pledges and contributions
- Donated assets
When you complete this course you will be able to:
- Examine how interim fraudulent reporting may impact planned reliance on internal controls and any related audit procedures.
- Examine how personnel policies and procedures can be circumvented and lead to possible fraud or abuse.
- Consider potential ways to follow up on noted indications of fraud, abuse, and weaknesses in internal control.
- Explain how management override of internal controls can lead to possible fraud.
- Describe how bribes and kickbacks may occur.
- State how donated assets and capital assets in general might be misappropriated.
Prerequisite: Experience and knowledge of government and not-for-profit sectors
Advanced Preparation: None