Financial Fraud Found in the Government (audio)

  • Credits: 2
  • Format: Self-Study Audio
  • Field of Study: Auditing
  • Author/Speaker: Michael Morgan
Available Formats:        
Advanced Preparation: None
Experience Level: Basic 
Program Prerequisites: General Understanding of Accountancy
Course ID: MM-333.22-SA
Published Date: April 2022*

The Fraud Triangle – Donald Cressey (1953)

Opportunity, Incentive or Pressure, and Rationalization or Attitude

The discrepancy between pay for government employees versus the private sector occasionally rationalizes the misappropriation as compensation to make salary “equal”. A manager uncovered the fraud when his bookkeeper unexpectedly missed a few days of work and he opened a bank statement. While looking through canceled checks from the statement he was shocked, made a few phone calls, and ended his upbringing as a forensic accountant. What type of fraud is this? How does fraud like this occur? What actions could have been used to stop this fraud? How could this have been detected during an audit? These are just a few of the questions we are going to look at and answer.

Topics include:
  • Personnel Fraud
  • Interim Reporting Fraud
  • Personal Use of Public Assets
  • Management Override
  • Misappropriation of Assets
  • Procurement Cards
Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: