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ParadoxWeb
Cybersecurity Montreal

Detecting Fraud

Posted on December 6, 2019December 12, 2019

In a Forensic Audit, when investigating fraud, an auditor would look for:

  1. Conflicts of interest
    Use of influence for personal gain detrimental to the company.
    If a manager allows and approves inaccurate expenses of an employee with whom he has personal relations, its fraud. Even if the manager does not have a financial benefit following this approval, he is potentially receiving personal benefits after making the inappropriate call.
  2. Bribery
    Offering money to get something done or influence a situation to someone’s benefit is bribery. Example: Company A bribing an employee of Company B to provide data to help Company A in preparing a service offering for B.
  3. Extortion
    If a Company demands money in order to award a contract to another,  its extortion.

Contact us if you think your company might be victim of fraud.

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IT Audits & CyberSecurity

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Valletta, Malta.
European Union

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