We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

How to Build a Fraud Prevention System - Dissertation Example

Comments (0)
This study “How to Build a Fraud Prevention System” evaluates profiles of fraudsters and informs about prevention strategies that can be employed by companies to avoid such kind of happenings. Banking and insurance sectors are attractive places for fraudsters…
Download full paper
How to Build a Fraud Prevention System
Read TextPreview

Extract of sample
How to Build a Fraud Prevention System

Download file to see previous pages... People commit fraud because they are motivated to do so, they get some opportunity or they are part of the familiar fraud circle. Fraud detection and prevention are very crucial in order to avoid the risk of frauds. Frauds can be detected by scrutinizing the documents and by accessing detailed information about all the employees and management. Frauds can be prevented by better controlled environment and improved internal control structure. Proactive approach in preventing fraudulent transaction is the best way to protect a company and its assets. The point to ponder is that what could be done if the company faces damages. Banking and insurance sectors are attractive places for fraudsters because of their involvement in high amount of money. People have to keep detailed association with banks and insurance companies in order to handle their monetary transactions and banks and insurance companies should take proper steps to safeguard people from fraudsters. This study evaluates profiles of fraudsters and informs about prevention strategies that can be employed by companies to avoid such kind of happenings. Acknowledgements Glossary Audit Audit is a function performed by the auditor in order to evaluate and scrutinize the financial records of any company so that any faults or risks can be dragged out. This scrutiny is usually unprejudiced and is conducted by some authoritative source who can be a part of the organization or some external person. Auditing is an important part of business. COSO COSO is the Committee of Sponsoring Organizations. Case Study Case study can be described as evaluation of cases available on the topic of the research. Various cases are discussed in order to come on a conclusion in making use of a case study. Corruption Corruption can be defined as an encouragement to commit wrong by employing illegitimate and dishonest means. Corruption is usually done to get benefits illegally that are not supposed to be obtained legally. External Fraud A fraud in which, the external fraudulent forces are involved, which means that the employees or employer are not directly involved and people other than the staff members of an organization are involved in committing a fraud. Fraud Fraud can be defined as act of deceiving any person for monetary benefit. Many dictionaries defined the term fraud quite descriptively. Black Law Dictionary defines fraud as “all multifarious means which human ingenuity can devise, and which are resorted to by one individual to get an advantage over another by false suggestions or suppression of the truth.” Fraudster A person who commits fraud as a lone person or with the support of other people can be described as a fraudster and every person has associated with an organizational set up has equal chance of committing fraud and becoming a fraudster provided he gets the opportunity to do so. Fraud Scale Fraud scale is used for evaluating the inclination of fraud by using three measures that are ‘situational pressure’, ‘perceived opportunity’ and ‘personal integrity’. The auditors and management can evaluate the risky situations involving fraud by using fraud scale, which is quite advantageous to get to a solution regarding fraud. Fraud Triangle Fraud Triangle is a model used for deterrence and detection of fraud by using three factors that are opportunity, pressure and rationalization.  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
How Different Stakeholder Groups Build Brand Value
In this modern age of business, marketing plays an essential role towards the success of an organization. Nowadays, concepts such as branding have become essential for a company to get success in the marketplace.
36 Pages(9000 words)Research Paper
How To Build Your Own Computer
Hardware components like processor, motherboard, memory and hard disk drive are the most significant parts of a PC. Other components like CD Rom/DVD Rom/CD writer/DVD writer, speaker, printers and scanners can be used according to requirement of user. However, keyboard, mouse and monitor are input and output devices that are equally crucial to run a computer.
6 Pages(1500 words)Term Paper
How to Build Teams
By encouraging and upholding team building actively in the work place, companies are in a position to cultivate more open communication among their staff, boost the staff’s morale and establish strong employment relationships. These will lead to more productivity from the workers and a health corporate culture.
5 Pages(1250 words)Research Paper
How to build a deck
nnected to the main building of a house. For safety, it is usually enclosed by use of rails (Mathewson). Many decks are linked to the house through doors but are also accessible through a staircase. The deck must support weight and therefore, the materials used should be strong and durable.
26 Pages(6500 words)Assignment
How phylosophers contribute to build western civilisation
Whereas contemporary day philosophers are still forming unique notions, several of the principles that people concentrate on emerging from the perspectives of philosophers who existed about twenty three hundred decades in the past. Socrates, Plato, and Aristotle are precisely understood in history for their notions and the influence that their writings had on Western Civilization.
10 Pages(2500 words)Essay
Toll Fraud: Preventive Measures
The author of the paper states that toll fraud might be combated in several ways: user training, detection schemes, regular monitoring of internal extensions and issuing a personal authorization code for every employee according to the requirement and only then any long distance calls be matured.
2 Pages(500 words)Essay
Build a Learning Managment System
This meant that people could access information from a remote computer without changing their physical location. This decentralised structure is the internet’s main advantage. As a result of
16 Pages(4000 words)Essay
Identity fraud its impact and the case for prevention
The main problem is the impact of the identity fraud and the case for its prevention. While identity fraud is as economically crippling as it is insidious, recent research has shown that its growth could be attributed more to the lack of exercising prudent care among consumers and customers rather than the Machiavellian brains of identity fraudsters.
24 Pages(6000 words)Essay
How to Build a New World
a. Neoliberalism: can be defined as a set of economic policies that are known. On the perspective of Klein, she admits that people use this phenomenon-of creating new sets of economic
2 Pages(500 words)Assignment
Ideas on how to build ALO organisation
mental in ensuring that the organization attains its long term goals of development as well as providing the desired services to the frail aged people, those with disability and their carers. Goals: Appropriate plan should be put in place to outline the time of achieving the
1 Pages(250 words)Assignment
Let us find you another Dissertation on topic How to Build a Fraud Prevention System for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us