Common Forms of Fraud

1. Common Forms of Fraud Fraud is seldom witnessed at first hand. It's a crime that is often shrouded in ambiguity, and it's sometimes difficult even to determine whether or not a crime has actually been committed�.

2. Common Forms of Fraud Theft of postage stamps Stealing merchandise, tools, supplies Removing small amounts from cash registers Failing to record sales and pocketing the cash Inflating expenses accounts

3. Common Forms of Fraud Falsifying timesheets Charging customer account with stolen cash Issuing false refunds to �customers� Reducing/failing to bank deposits Altering dates on bank deposits to cover thefts

4. Common Forms of Fraud Making round sum deposits and attempting to �catch up� later Paying fictitious employees Falsifying pay or overtime rates Paying employees after they leave Destroying or altering cash receipts and pocketing the cash

5. Common Forms of Fraud Withholding cash receipts by using false charge accounts Recording unwarranted cash discounts Using false or personal receipts to inflate business expenses Paying false invoices either self prepared or in collusion with supplier

6. Common Forms of Fraud Charging personal purchases to the employer by misuse of purchase orders Billing stolen merchandise to fictitious accounts Falsifying stock checks to cover theft Altering/ stealing cheques payable to the employer

7. Common Forms of Fraud Altering cancelled cheques to agree with fictitious entries Running fictitious ledger accounts Deliberately confusing postings to customer and ledger accounts Selling waste and scrap materials and pocketing the proceeds

8. Common Forms of Fraud Selling confidential information Creating false credit balances on ledger accounts and drawing the cash Forging signatures Granting favourable terms to business associates