Common Fraud Scenarios Guide

This tool contains three guides that can be used by auditors to identify and mitigate common fraud schemes.

In these samples, we provide a common understanding of the potential fraud schemes and scenarios that a company has included in its entity-level fraud risk assessment. Each of these schemes/scenarios should be examined by the internal audit group and senior management from each of the functional areas within the company. Example fraud schemes include benefits fraud, bid rigging, check fraud, check theft, disguised purchases, earnings management smoothing, electronic transaction fraud, embezzlement, employee fraud and fictitious vendors.