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Asset Misappropriation: Fraudulent Disbursements - Coggle Diagram
Asset Misappropriation: Fraudulent Disbursements
Prevention and Detection of Electronic Payment Tampering
Internal controls
Bank Security services
Type
Register Disbursement Scheme Red Flags
Register disbursement schemes
False voids
False refunds
Electronic Payment Tampering
Payroll fraud schemes
Ghost employees
Expense Reimbursement Schemes
Overstated expense reimbursements
Fictitious expense reimbursements
Mischaracterized expense reimbursements
Multiple reimbursement
Prevention and Protection
analysis of payee
address or accounts
duplicate identification numbers
Independent payroll distribution
overtime authorization
Billing Schemes
Invoicing via shell companies
Forming a shell company
Purchases of services rather than goods
Pass through schemes
Invoicing via nonaccomplice vendors
Personal purchases with company funds