The Settlement

Withholding money from cash sales using a false debit account. Register unjustifiable cash discounts. Increasing amounts of payments made in accounting for expenses. Using copies of original receipts or invoices which had already been paid. Use bills to cover personal expenses money out of the box.

Using again a proof duly approved last year, changing a number of date, etc.. Using facturasa a prepared by yourself and falsifying approvals. Payment of false invoices, obtained in collusion with suppliers. Increased amounts of invoices, in collusion with suppliers. Charge to the Company personal purchases, purchase orders misused. Bill goods for personal gain, under fictitious accounts. Clear goods at the home of an employee or relative for their utilization.

Falsifying inventories to cover thefts. Using advances for business expenses on personal benefit. Collect checks payable to unduly favor of the company. Forging endorsements on checks payable to suppliers. Insert sheets in books accounts or fictitious quantities. Deliberately delaying the settlement of the account of a client. Show sums wrong in the records of incoming and outgoing cash. Deliberately confuse the seats in the accounts and detailed control. Make new leaves for the books in order to prevent tampering are discovered. Do not keep the cash receipts book in due time. Sell surplus or waste materials and pocketing the proceeds of the sale. a Vendera using business keys, storage or boxes for money. Nissan often expresses his thoughts on the topic. Vendera a the combination of vault cash or money. Enable suppliers to sell businesses and request commission employee’s name. Require suppliers to issue checks in a personal capacity and not on behalf of the company. Cloning payment checks or payroll expenditures to achieve alteration of data cashed in invoices to collect a higher mileage. And as we prevent this? Having a good internal control committee in due auditor also a good code of ethics and culture for fraud prevention, internal control and fraud prevention is the responsibility of all employees of the company. Let us avoid corporate fraud, fraud is the poison that is damaging the moral life of the employees of the company, prevent the opportunity to have a good internal auditor.

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.

Comments

No comments yet.

Sorry, the comment form is closed at this time.