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IITA Youth corps occupational fraud awareness

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IITA occupational fraud awareness by Rasheed Dauda, Senior Audit Officer, IITA Internal Audit Unit.

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IITA Youth corps occupational fraud awareness

  1. 1. www.iita.orgA member of CGIAR consortium IITA YOUTH CORPS OCCUPATIONAL FRAUD AWARENESS Rasheed Dauda Senior Audit Officer IITA Internal Audit Unit
  2. 2. www.iita.orgA member of CGIAR consortium Fraud Triangle Fraud Triangle Opportunity Motivation Rationalisation • Cressey’s Fraud Triangle • Explains the human process for committing fraud
  3. 3. www.iita.orgA member of CGIAR consortium Fraud Triangle (cont’d) Motivation – Compulsive behaviours • Gambling, alcohol, drug abuse – Financial debts • Credit cards, loans Rationalisation • Justification for fraud: – “They owe me” or “I earned it” – “I need it more than they do” – “I am only borrowing it” • A form of denial. The person is not accepting reality. • The hardest area (for management) to influence or control. Opportunity • Perception by someone that he can commit a fraud without getting caught. • Mgt controls and influences “opportunity” more than any other factor in the Triangle. • Mgt tools are employment checks, internal controls, internal audits. – Family problems • Divorce, problems with children – Work pressures/greed • High targets
  4. 4. www.iita.orgA member of CGIAR consortium International Survey KPMG Survey (2013) • The level of Fraud and Corruption has always been high on the African agenda. • An increasing number of African countries have established Anti-Graft commissions. • The task of these commissions is to prevent, to detect, investigate and prosecute graft related cases YET • In the period 1 July 2012 to 31 December 2012, 348 cases of fraud were reported in the media (previous period: 193) • The value of the reported cases for the period 1 July 2012 to 31 December 2012 is over $5.5 billion (previous period: $2.4 billion) Source: 3rd KPMG Africa Fraud Barometer (2013)
  5. 5. www.iita.orgA member of CGIAR consortium Fraud Management Strategies  Tone at the Top (TAT) – Zero tolerance for fraud/attempted fraud.  Transparency in the conduct of the Centre’s activities  Due diligence in the recruitment process  Punishing established wrongdoing  Internal controls/Internal audit  Whistleblowing Policy – Gives opportunity to staff to report (suspected) wrongdoing.
  6. 6. www.iita.orgA member of CGIAR consortium Questions

IITA occupational fraud awareness by Rasheed Dauda, Senior Audit Officer, IITA Internal Audit Unit.

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