Fraud Schemes and Red Flags by Business Process (Excel)
73 schemes across 9 business processes, with the red flags to watch for in planning, analytics and fieldwork.
Guides · editable Excel · 4 sheets · ₹149 / $1.49 · lifetime access, up to 5 downloads
Know what fraud looks like in each process before you audit it. The library describes 73 schemes commonly seen in purchasing and contracting, payables and payments, payroll and benefits, receivables, billing and cash receipts, sales, delivery and operations, inventory and fixed assets, banking and treasury, accounting and reporting, and general employee misconduct. Each scheme lists its red flags, a plain-English explanation and how to check for it, with columns for existing controls, the planned test or analytic and comments. Editable Excel.
What's inside
- Read Me: purpose and how to use the workbook
- Key terms explained in plain language
- 73 schemes with their red flags in 9 business processes, from purchasing to treasury and reporting
- Each item: what it means in plain English and how to check it, with an example
- Columns for existing controls, planned test or analytic and comments
- Summary sheet: results by area, updated automatically
Topics: Fraud and Ethics · Procurement · Accounting
Learn it on video
- What Is a Process Walkthrough? Finding Risks, Controls and Weaknesses (7 min)
- How to Prepare a Risk and Control Matrix (RCM): An Accounts Payable Example (11 min)
- COSO Principles 8-9 Explained: Fraud Risk and Managing Change (7 min)
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