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ACFE Tree.pptx
The document outlines different types of fraud that can occur in an organization. It includes asset misappropriation like theft of cash, inventory, or other assets. It also details fraudulent financial statements which can involve overstating or understating assets, revenues, expenses, or liabilities. Finally, it lists various employee fraud schemes like payroll, billing, or expense reimbursement fraud.
ACFE Tree.pptx
- 1. Asset Misappropriation Conflict of Interest Corruption Bribery & AMLA/FT Illegal Gratuities Economic Extortion Invoice Kickbacks Bid Rigging Purchase Schemes Sales Schemes Source: ACFE (Association of Certified Fraud Examiners) Fraud Tree Fraudulent Financial Statement Non- Financial Employment Credential Internal Document External Document Financial Assets/Revenue Overstatement Timing Different Fictitious Revenues Assets/Revenue Understatement Concealed Liabilities and Expenses Improper Asset Valuations Improper Disclosure Timing Different Understated Revenues Overstated Liabilities and Expenses Improper Asset Valuations Improper Disclosure Theft of Cash on Hand Receivables Sales Refunds or Others Fraudulent Disbursements Misuse Assets Requisition Transfer Skimming Cash Larceny Inventory and All Other Assets False Sales & Shipping Purchasing & Receiving Unconcealed Larceny Cash Unrecorded Understated Write-off Scheme Lapping Scheme Unconcealed Theft of Cash Receipt Payroll Schemes Billing Schemes Expends Reimbursement Schemes Checked Tampering Register Disbursements Ghost Employees Shell Company Mischaracterized Expenses Forged Maker False Voids Falsified Wages Non Accomplish Vendor Overstated Expenses Forged Endorsement False Refunds Commission Schemes Personal Purchases Fictitious Expenses Altered Payee Multiple Reimbursement Authorized Maker Employee Fraud (Recruitment)