![]() Mostly, the executive can get away with fraud because he is the 'Top of the authority pile' like CEO of a Company the authorisation usually goes unchallenged or those that dare to question are simply removed from their role/position. Some behaviours are fraudulent, while others represent an abuse of power. □Hiring of related parties, acquaintances or associates at excessive remunerationįraud inherently involves efforts of concealment, many of such cases will never be detected by organisations or regulators. □Mis representation of funds allocated to charity for personal benefits or tax evasion □Clubbing with competitiors or selling intricate company specific information, patents or business USP's □Preferential selection of business suppliers □Embezzlement of funds, cash flows and Company progress reports □Siphoning of funds for unrelated business purposes □Mis-usage of company funds for personal profiteering ![]() □So how do Top Leaders or Managers conduct fraud? According to MBG’s paper, these are the most common types: ![]() ![]() Cheating or engaging in Frauds is hard work and talent! Try the easy route and unbox your creativity at the right will give you some learnings too!! □□ ![]()
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