We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Fraud Conclusion Essay Sample

  • Pages: 2
  • Word count: 392
  • Rewriting Possibility: 99% (excellent)
  • Category: fraud

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

1. The primary approach of detecting fraud is anonymous tips and complaints. An organization like business entity should guide employees to provide useful information and to provide various ways and methods for individuals to contribute such kind of information. On the other hand, when the organization received the information provided, it should have an effective and efficient way to collect and process these complaints, dissatisfaction and information.

2. One of the important thing in fraud investigation is timing. When perpetrators find their circumstance has been compromised by somebody who learned about the misdeeds, the evidence would be destroyed and deleted immediately.

3. Nowadays, almost every organization use computer to deal with different issues everyday, and at the same time computer files and hard drives are at equal risk for corruption and deletion if the organization do not have an effective way to preserving these documents and data in a timely fashion. Therefore, to establish a reliable and secure backups of the drives creates a secondary plan in the event files are deleted or computer drives are deleted.

4. It is important to have an initial discussion at the beginning of an investigation into a potential fraud matter identifying different investigative options. To manage a client’s expectation are very necessary as well. Also, the sense of urgency should be put on two initial areas: preserving critical potential evidence and securing assets, bank accounts, investments, and other means for restitution.

5. To involve human resources personnel within the victim organization is equally important to counsel. In details, targets of investigations should be subject to employment policies and procedures of the victim organization. Targets of inquiries and fraud investigations are often placed on paid administrative leave pending the outcome of the investigation, which need to preserve both the integrity of the individual and the integrity of the investigation.

6. In every fraud investigation, legal counsel also plays a very significant. No privilege exists between a client and an accountant, or a client and a fraud investigator. To some extent, all communications should be directly to counsel, and all work performed should be clearly marked confidential and attorney client privileged, in order to preserve the privilege between the client and counsel.

We can write a custom essay on

Fraud Conclusion Essay Sample ...

According to Your Specific Requirements.

Order an essay

You May Also Find These Documents Helpful

Satyam Fraud Case

This company’s fraud arose from the proposal to acquire the Maytas Infra flopped. According to Ramalinga Raju, “the acquisition was purposed to raise the financial deficit that could be injected in the misstated amount and actual amount with the intent of balancing it.” Additionally, Satyam’s CEO admission in his letter that he played a role in the misrepresentation of the figures also the catalyst in exposing the fraud. The fundamental reason for the fraud was the desire for Raju to ensure that Satyam as the best place for the investors. Through the scam, Raju expected to seal the loopholes that had developed and offered Satyam as the potential investor preference. Additionally, Raju hoped to raise the price of shares on the stock market. The firm’s growth was exponential when it first went public (Satyam Scandal a Full Analysis n.d). However, after the fraud began taking shape, its relevance diminished hence...

Computer Crimes: Identity Theft/Fraud

Computer crimes area disastrous issue and can cause a lot of unnecessary stress if not handled properly. Identity theft/fraud is one of the most common issues that people face daily. Examples of that would be stolen bank information (i.e. statements, and bank card pin), your social security number as well as something as simple as a picture of yourself that you posted. If not taken care of right away it may take an extended amount of time to retrieve information back based on how long, it has occurred. Hopefully before you are in serious trouble with fraud based accusations, debt or worse. With every problem there is a solution so here are some tips when facing this type of issue. Firstly, to recovering your identity or deceasing fraudulent acts is to alert a Theft Protection Agency about any suspicious activity. Agencies/credit bureaus like Experian and LifeLock to name a couple...

Organizational Responsibility and Current Health Care Issues

Fraud, Abuse, and Waste in the US Healthcare System is a major problem. As a result of this the government is spending a greater percentage of the GDP on healthcare for Americans. The primary reason for this increase in the overall cost for healthcare is related to the increase in fraud, waste, and abuse. It is estimated that the United States spends between 15 and 25 billion dollars annually because of fraud, waste, and abuse. We will examine the [pic]types of fraud, waste, abuse, the[pic] involvement [pic]of the[pic] federal government in prevention, the roles of healthcare organizations and employees, and the protection for whistle-blowers and consequences for those involved in fraud, waste, and abuse. Fraud, waste and abuse can be described as the intentional deception to get an unauthorized or unwarranted benefit. A pharmacist that charges both the patient and the insurance company for a prescription is classified as fraud....

Popular Essays


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?