Preventing Occupational Fraud: Key Findings and Reflections

The video tutorial discusses the universal problem of fraud and emphasizes the importance of anti-fraud controls. It highlights that smaller organizations are at greater risk due to limited resources. The video also points out that most fraudsters are first-time offenders, urging viewers to recognize red flags. It encourages reflection on fraud awareness and policies within organizations. The tutorial concludes with an interview with Karen, discussing honesty and theft.

Why is it important for organizations to establish anti-fraud controls?

• To reduce employee turnover

• To increase profits

• To comply with tax regulations

• To prevent fraud from occurring

What makes smaller organizations more vulnerable to occupational fraud?

• They have stricter policies

• They have more complex IT systems

• They have fewer resources for segregation of duties

• They have more employees

What is a common characteristic of most fraudsters?

• They are always external to the organization

• They are often first-time offenders

• They are usually well-known criminals

• They are repeat offenders

Which of the following is NOT a question to reflect on regarding fraud awareness?

• Has your organization done any fraud awareness training?

• Does your organization have formal anti-fraud controls?

• Does your organization have a fraud policy?

• Does your organization have a code of conduct?

In the interaction with Karen, what is her response to seeing someone steal?

• She ignores it

• She joins in the theft

• She reports it

• She confronts the thief