Office Policy Regarding Prevention And Detection Of...

The purpose of this antifraud statement is to communicate municipal policy regarding prevention and detection of suspected fraudulent behavior and dishonesty by employees and others, and to provide explicit instructions to follow in case of violations. The development of this antifraud policy is to emphasize a zero-fraud tolerance from public employees; it also sends out a clear message to public managers and taxpayers that their City will not tolerate fraudulent conduct. The City is committed to preventing fraud and corruption from occurring and developing an antifraud environment. City officials and employees must always observe all the applicable rules and regulations pertaining to fraud prevention. The City will not tolerate the†¦show more content†¦Skimming- Stolen cash from the City before it has been recorded on the City’s financial records. Cash Larceny- Stolen cash from the City after it has been recorded on the City’s financial records. ïÆ'Ëœ Inventory and other assets Misuse – Inappropriate use, misapplication, destruction, removal of City’s inventory or assets for personal use. (i.e., using City’s vehicles for personal errands) Larceny – Stolen inventory or other assets from the City. Corruption – Unlawful use of influence in a business transaction in order to obtain some benefit from another person. ïÆ'Ëœ Conflict of interest – An undisclosed economic or personal interest in a transaction that negatively affects the City. ïÆ'Ëœ Bribery - The giving, offering, receiving or asking of anything of value to influence and official action. ïÆ'Ëœ Illegal Gratuities – Someone that benefits from a business decision in giving of a gift to a person who make the decision. This fraud does not need proof of intent to influence. ïÆ'Ëœ Economic Extortion – Employee demands payment from a vendor/contractor to influence an official’s business decision. Fraudulent Statements – Misrepresentation of the City’s financial statements. ïÆ'Ëœ Inappropriate reports of revenues and expenses to intentionally misrepresent the financial position of the City. Fraud Awareness and Prevention AllShow MoreRelatedAnti Fraud Professions3098 Words   |  13 Pagesthe professional can work in the private sector similar to the private funded hospital like St. Jude, and St. Francis. The anti-fraud professional can also work in the public sector such as a government funded hospital, nursing home, and welfare office. This paper focuses on the anti-fraud professional and the background of fraud and the importance of being a certified fraud examiner. Table of Contents 1. Introduction a. What is Fraud? b. How does Fraud Occur? c. PreventingRead MoreOrganizational Fraud9733 Words   |  39 Pages1. Structural red flags 11 3.6.2. Personnel red flags 12 3.6.3. Operational red flags 12 3.6.4. Accounting system red flags 12 3.6.5. Financial performance red flags 12 4. ESSENTIALS OF ORGANIZATIONAL FRAUD 12 4.1 Detection 13 5. SATYAM SCANDAL 14 5.1 Lessons for HR Professionals 14 5.2 Lessons for India Companies 15 6. ORGANISATIONAL EMPOWERMENT 16 7. RISK OF FRAUD IS LESSENED IN EMPOWERED ORGANIZATION 16 8. IMPACT OF FRAUD 16 8.1 MacroviewRead MoreComprehensive Review in Accounting19880 Words   |  80 Pagesinformation in the financial statements. 2. In relation to auditing, which of the following is a correct phrase? a. Auditing communicates results to management. b. Auditing involves obtaining evidence regarding action and events. c. Auditing evaluates assertions regarding evidence. d. Auditing subjectively obtains and evaluates evidence. 3. Which of the following is not an output of an independent audit engagement? a. Management letter. b. Audit report. c. EngagementRead MoreCorruption Is Barrier to Development in Pakistan9592 Words   |  39 PagesAdministrative Corruption 3. Causes of Corruption in society 4. Genesis of Corruption 5. Consequences of Corruption II. Corruption in Pakistan and barrier to its development. 1. Factors encouraging corruption in Pakistan A. Poor government policies B. Arrival of foreign remittance C. Afghan War 2. A barrier to development in Pakistan A. A crime against prosperity B. A barrier to justice C. A barrier to democracy D. A crime against the environment E. A barrier to health F. A barrier to educationRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesData Resource The Data Model and Metadata Data Modeling 98 Database Programming 100 97 97 Contents Managerial Issues in Managing Data Principles in Managing Data 101 101 The Data Management Process 106 Data Management Policies 110 Review Questions 114 †¢ Discussion Questions 114 †¢ Bibliography 114 ̈ CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform 116 ̈ CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a