Student health services: a case of employee fraud
The indicators of employee fraud often are not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs society hundreds of billions of dollars every year [The Association of Certified Fraud Examiners. (2002). Report to the nation on occupational...
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Published in | Journal of accounting education Vol. 21; no. 1; pp. 61 - 73 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Harrisonburg
Elsevier Ltd
01.01.2003
Elsevier BV |
Subjects | |
Online Access | Get full text |
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Abstract | The indicators of employee fraud often are not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs society hundreds of billions of dollars every year [The Association of Certified Fraud Examiners. (2002). Report to the nation on occupational fraud and abuse. Austin: ACFE], and as such, it is increasingly important for auditors and accountants to have fraud prevention and detection skills. This nonfictional case of employee fraud in a university setting is designed to expose students to several different fraud issues. Topics covered in this case include: an explanation of why people commit fraud; the profile of the typical fraud perpetrator; recognizing red flags that may indicate the presence of fraud; the importance of a strong system of internal controls in preventing and detecting fraud; and audit procedures that may help to detect a skimming scheme. This case is appropriate for use in a first auditing course or a fraud examination course. |
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AbstractList | The indicators of employee fraud often are not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs society hundreds of billions of dollars every year [The Association of Certified Fraud Examiners. (2002). Report to the nation on occupational fraud and abuse. Austin: ACFE], and as such, it is increasingly important for auditors and accountants to have fraud prevention and detection skills. This nonfictional case of employee fraud in a university setting is designed to expose students to several different fraud issues. Topics covered in this case include: an explanation of why people commit fraud; the profile of the typical fraud perpetrator; recognizing red flags that may indicate the presence of fraud; the importance of a strong system of internal controls in preventing and detecting fraud; and audit procedures that may help to detect a skimming scheme. This case is appropriate for use in a first auditing course or a fraud examination course. The indicators of employee fraud are often not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs society hundreds of billions of dollars every year, and as such, it is increasingly important for auditors and accountants to have fraud prevention and detection skills. A nonfictional case of employee fraud in a university setting is presented. It is designed to expose students to several different fraud issues. Topics covered in the case include: an explanation of why people commit fraud; the profile of the typical fraud perpetrator; recognizing red flags that may implicate the presence of fraud; the importance of a strong system of internal controls in presenting and detecting fraud; and audit procedures that may help to detect a skimming scheme. |
Author | Gibson, Thomas H Peterson, Bonita K |
Author_xml | – sequence: 1 givenname: Bonita K surname: Peterson fullname: Peterson, Bonita K email: bonitap@montana.edu organization: Montana State University, Bozeman, College of Business, 429 Reid Hall, Bozeman, MT 59717-3040, USA – sequence: 2 givenname: Thomas H surname: Gibson fullname: Gibson, Thomas H email: thgibson@montana.edu organization: Montana State University, Bozeman, 204 Montana Hall, Bozeman, MT 59717-2440, USA |
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References_xml | – volume: 5 start-page: 163 year: 2000 end-page: 174 ident: BIB7 article-title: Qualitative analytical procedures and management fraud: the case of the Regina Company publication-title: The Journal of Accounting Case Research contributor: fullname: Green – year: 1995 ident: BIB1 article-title: Fraud: bringing light to the dark side of business contributor: fullname: Williams – year: 1997 ident: BIB2 article-title: Consideration of fraud in a financial statement audit. Statement on auditing standards no. 82 – volume: 15 start-page: 105 year: 2000 end-page: 128 ident: BIB6 article-title: Comptronix, Inc.: an audit case involving fraud publication-title: Issues in Accounting Education contributor: fullname: Boockholdt – volume: 192 start-page: 88 year: 2001 end-page: 93 ident: BIB15 article-title: “Why ask?” you ask publication-title: Journal of Accountancy contributor: fullname: Wells – year: 1997 ident: BIB12 article-title: Occupational fraud and abuse contributor: fullname: Wells – year: 1998 ident: BIB3 article-title: Making crime pay: how to locate hidden assets – year: 1997 ident: BIB11 article-title: Fraud examination for managers and auditors contributor: fullname: Robertson – year: 2002 ident: BIB4 article-title: Report to the nation on occupational fraud and abuse – volume: 190 start-page: 91 year: 2000 end-page: 95 ident: BIB13 article-title: So that's why it's called a pyramid scheme publication-title: Journal of Accountancy contributor: fullname: Wells – volume: 193 start-page: 90 year: 2002 end-page: 92 ident: BIB16 article-title: And one for me publication-title: Journal of Accountancy contributor: fullname: Wells – year: 1998 ident: BIB10 article-title: 1998 fraud survey – volume: 191 start-page: 89 year: 2001 end-page: 91 ident: BIB14 article-title: Why employees commit fraud publication-title: Journal of Accountancy contributor: fullname: Wells – volume: 5 start-page: 163 year: 2000 ident: 10.1016/S0748-5751(02)00016-7_BIB7 article-title: Qualitative analytical procedures and management fraud: the case of the Regina Company publication-title: The Journal of Accounting Case Research contributor: fullname: Calderon – volume: 190 start-page: 91 year: 2000 ident: 10.1016/S0748-5751(02)00016-7_BIB13 article-title: So that's why it's called a pyramid scheme publication-title: Journal of Accountancy contributor: fullname: Wells – year: 1997 ident: 10.1016/S0748-5751(02)00016-7_BIB12 contributor: fullname: Wells – year: 1997 ident: 10.1016/S0748-5751(02)00016-7_BIB11 contributor: fullname: Robertson – volume: 191 start-page: 89 year: 2001 ident: 10.1016/S0748-5751(02)00016-7_BIB14 article-title: Why employees commit fraud publication-title: Journal of Accountancy contributor: fullname: Wells – year: 1997 ident: 10.1016/S0748-5751(02)00016-7_BIB2 – year: 1998 ident: 10.1016/S0748-5751(02)00016-7_BIB3 – ident: 10.1016/S0748-5751(02)00016-7_BIB9 – volume: 193 start-page: 90 year: 2002 ident: 10.1016/S0748-5751(02)00016-7_BIB16 article-title: And one for me publication-title: Journal of Accountancy contributor: fullname: Wells – volume: 15 start-page: 105 year: 2000 ident: 10.1016/S0748-5751(02)00016-7_BIB6 article-title: Comptronix, Inc.: an audit case involving fraud publication-title: Issues in Accounting Education doi: 10.2308/iace.2000.15.1.105 contributor: fullname: Boockholdt – ident: 10.1016/S0748-5751(02)00016-7_BIB8 – year: 1998 ident: 10.1016/S0748-5751(02)00016-7_BIB10 – volume: 192 start-page: 88 year: 2001 ident: 10.1016/S0748-5751(02)00016-7_BIB15 article-title: “Why ask?” you ask publication-title: Journal of Accountancy contributor: fullname: Wells – ident: 10.1016/S0748-5751(02)00016-7_BIB5 – year: 1995 ident: 10.1016/S0748-5751(02)00016-7_BIB1 contributor: fullname: Albrecht – year: 2002 ident: 10.1016/S0748-5751(02)00016-7_BIB4 |
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Snippet | The indicators of employee fraud often are not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs... The indicators of employee fraud are often not recognized by auditors or their clients until after financial losses have been incurred. Employee fraud costs... |
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SubjectTerms | Asset misappropriation Embezzlement Fraud Internal auditing Internal controls Red flags Skimming scheme |
Title | Student health services: a case of employee fraud |
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