Basic Fraud AuditPertemuan X

Matakuliah : F0184/Audit atas KecuranganTahun : 2007

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• Mahasiswa diharapkan mampu mengidentifikasi langkah-langkah dalam melakukan audit atas kecurangan

• Mahasiswa dapat melihat red flag atau symptom atas suatu kejadian didalam setiap transaksi

• Mahasiswa dapat melakukan audit atas kecurangan

Learning Outcomes

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• Audit Step• Audit Guidance• Audit Plan• Identify fraud scheme and red flag

Outline Materi

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Fraudulent Disbursement

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Check Tampering

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Check Tampering

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Forged Maker Schemes• Obtaining the check

– Employee with access to company checks– Employee lacking access to company checks

• To whom is check made payable– To the perpetrator– To an accomplice– Payable to “cash”– Payable to vendor

• Forging the signature– Free hand forgery– Photocopied forgery– Automatic check-signing instruments

• Miscoding fraudulent checks• Converting the check

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Forged Maker Modus

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Forged Endorsement Schemes• Intercepting check before delivery

– Employee involve in delivery of check– Poor control of signed check– Theft of returned check– Re-routing the delivery of check

• Converting the stolen check

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Forged Endorsement Modus

Altered Payee Schemes• Altering check prepared by other :

– Inserting a new payee– Taking on

• Altering check prepared by the fraudster :– Eresable ink– Blank check

• Converting altered check

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Altered Payee Modus

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Concealed Check Schemes• Employee prepares a fraudulent check and

submits it• Marker sign the check quicly and without

adequate review

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Concealed Check Modus

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Authorized Maker Schemes• Overriding control through intimidation• Poor control• Special project account• Tampering with signature card

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Authorized Maker Modus

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Check Tampering Detection• Account analysis through cut-off statement• Bank reconciliation• Bank confirmation• Check tampering red flag

– Voided check– Missing check– Check payable to employee– Altered endorsement or dual endorsement– Return check– Altered payee– Duplicate check

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Check Tampering Prevention• Check disbursement control• Bank assisted control• Phisical tampering prevention• Check theft control procedures

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Register Disbursement• False Refund• False Voids

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False Refund• Fictitious refund• Overstated refund• Credit card refund

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False Refund Modus

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False Void• Employee withold the customer’s receipt at the

time of sales.

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False Void Modus

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Register Disbursement Detection

• Fictitious Refund and Void Sales– Closely examine the documentation submitted with cash

receipt

• Register Scheme Red Flag– Inappropriate employee segregation– Cashier have access to control key– Register refund not methodically review– Personal check from cashier found in register– Missing register tapes– Inventory total appear forced

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Register Disbursement Prevention

• Review the segregation of duty• Access to register must be closely• Maintain supervisor near area of the cash register• Review supporting document for void and refund• Review the numerical sequence and

completeness of cash register tapes

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