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COM 0988.000 2020-2022
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COM 0988.000 2020-2022
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Last modified
10/5/2022 11:00:05 AM
Creation date
9/16/2022 8:41:15 AM
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Template:
Communications
Communications - Type
COM
Communications - Council Term
2020-2022
Communication
0988
Point
000
Author
Tyler J. Benner, County Auditor
Communications - Referred To
FC
Comments
FC: Close file 10/4/22.
Document Relationships
AGE FC 2022/10/04 (2020-2022)
(Related)
Path:
\Council Records\Agendas\2020-2022\Finance Committee (FC)
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KEY FINDINGS <br /> VICTIM ORGANIZATIONS <br /> TOP 5 MEDIAN LossEs BY INousraY <br /> 0 � <br /> Uan5podation and warnha u5iq <br /> $dUfl,OGOfJOfl —, <br /> SMBOB ORGANIZATIONS WITH THE <br /> S2U3Gua FIEWEST'EMPLOYEES HAD THE <br /> HIGHEST MEDIAN LOSS <br /> S260p110 �$15t?,�CICIF <br /> PERPETRATORS ANTI-FRAUD CONTROLS <br /> Ownersiexe€utives committed Nearly haft of all occ upationa l frauds The presence of antl4raud controls <br /> only 23%rot occupational frauds, Carne kf i these four departments: is associated with <br /> h <br /> but they caused the largest'losses <br /> I Li11WEt .¢: QUICKER <br /> 1T f4aud Fb6#ps fraud detection <br /> Ur�ner�xet Aw-' <br /> $337.00 •$n Operations 15 <br /> rta <br /> Nearly FIALF of cases occurred due to: <br /> Wfi-000Lack aF Omride DF <br /> Accounting 1 <br /> internal oarlrrofs OR existing canUals <br /> SON Exewtiwelupper <br /> management <br /> 8 <br /> Sales ♦DA of victimorganizations <br /> MO�DIFIEDtheir anti-fraud <br /> 4js * controls following the fraud. <br /> t.°f IK ?r <br /> �P ry; of perpetrators has a <br /> 0 <br /> Only 6 <br /> rlEkiAVl4RAL RE Inaft.s dmunegement Invemed uw or pplC1eC114! <br /> IFLAGSorlraedl �1 p•larlrarll}canafcilan rr mproa�enes delemrn A3ringltine�lry'is <br /> � 1 <br /> AWWWWW <br /> AAA <br /> AAAA 0000061 5811, 66" 501,U <br /> ofperpeualomwe di eeiei xere relened fn of�e3tl ieltrreA EA Mx eiLrvyteurr.,• dargelrueGmfS trial didrr`Y rarer r:eses Balex <br /> m mkWei tlry their tmpbyen bwwdorcemenL enrorcemeaabrd imnel dixipfire es the remon <br /> KEY FIRDNaS awp•IWW P.a�jM:M1Eoe bNa Po•iio, _ <br />
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