Protect Your Identity
Don’t fall victim to identity theft

Intentional misstatement of financial reporting and research data.

Examples of fraud include:

  •  Adjusting balances to meet budgeted amounts, misclassifying transactions, recording transactions in the wrong period, fabrication of financial or research data, withholding information, and false documentation.

Prevent

  • Set an appropriate tone at the top. Management should lead by ethical example.
  • Train employees through orientation and refresh at regular intervals. Ensure adequate communication so that every employee is aware of what activities constitute fraud, and what the consequences are.

Detect

  • Perform General Ledger verification.
  • Review transactions to look for unusual amounts, patterns, or fluctuations in financial records.
  • Inquire with individuals involved in the financial reporting process about inappropriate or unusual activity relating to the processing of journal entries and other adjustments.
  • Review accounting estimates for biases that could result in material misstatement due to fraud.

Inform

If you suspect Financial Statement fraud,