Case In Point: Lessons for the proactive manager

Case In Point: Lessons for the proactive manager

9/1/19
By: Auburn University

Last month we discussed the topic of occupational fraud in higher education, and I stated in the column, ''Fraud rarely occurs when strong controls and oversight are in place.'' I certainly can attest to this being true in the cases we have investigated over the years. In addition, the Association of Certified Fraud Examiners publishes a report on the topic every two years listing the top reasons that occupational fraud was able to occur:

  1. Lack of internal control
  2. Lack of management review
  3. Override of existing controls
  4. Poor tone at the top
  5. Lack of competent oversight


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