One of the ACFE recommendations is for "proactive fraud detection". You are in charge of the internal audit function responsible for preventing and detecting procurement fraud. You have a searchable database with the following fields:
Vendor name, Vendor Address, Billing address, Ship-to Address, Billing amount
Accounts payable processor name, date and time processed
Employee addresses.
What queries would you run to detect potential frauds?
For example. #1 - Run a query to show vendor with 2 addresses. This might indicate that the employee is directing payments improperly.
prepare a list of 5 queries that you would run to detect fraud. List them in order of importance.
A) Explain what the query is going compare. (Vendor address to ??)
B) Describe what a positive indicator of fraud will be and what the possible fraud scheme is.
Your total response does not have to be long (1-2 pages), but should provide sufficient detail
10 years ago
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