A detailed presentation about ways to prevent fraud.

2. What is fraud?
 Fraud is an intentionally deceptive
action designed to provide the
perpetrator with an unlawful gain
or to deny a right to a victim.
 Types of fraud include tax fraud,
credit card fraud, wire fraud,
securities fraud, and bankruptcy
fraud.
 Fraudulent activity can be carried
out by one individual, multiple
individuals or a business firm as a
whole

3. Types of fraud
Sadly, fraud is all too common in our world today. From voter fraud to bank account fraud, people’s personal information
is more vulnerable than ever.
Here are the 9 types of fraud you need to watch out for:
 Mail Fraud
 Driver’s License Fraud
 Healthcare Fraud
 Debit and Credit Card Fraud
 Bank Account Takeover Fraud
 Stolen Tax Refund Fraud
 Voter Fraud
 Internet Fraud
 Elder Fraud

4. Upcoming topics
¥ The fraud triangle
¥ Methods to prevent fraud
¥ Antifraud measures and
controls

5. RATIONALISATION
OPPURTU
NITY
THE
FRAUD
TRIAN
GLE
PRESSU
RE
 The concept of the Fraud Triangle is
generally credited to American
sociologist Donald R. Cressey who
worked in the fields of criminology
and white-collar crime.
 The Fraud Triangle outlines three
elements that are typically present
when an individual commits
occupational fraud – Pressure,
Opportunity and Rationalization.

6.  Practice safe internet use. Privacy is an important issue, especially in
the information age. ...
 Destroy private records. ...
 Secure your mail. ...
 Be careful with your Social Security Number. ...
 Check your credit report. ...
 Be aware of scams.
Y

7. Anti fraud controls
The ACFE’s 2020 Report to the Nations not only identifies the top
anti-fraud controls that can help protect organizations, but also
illustrates what can happen when controls are weak or altogether
missing.
Below are the top four internal controls that reduce fraud losses and
can improve detection:
1. A robust code of conduct
2. A strong internal audit department
3. Management certifications of financial statements
4. Management reviews of internal controls, processes, accounts or
transactions

9. Thank you