What is fraud?

The Association of Certified Fraud Examiners defines occupational fraud as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resource or assets.”  Elements present for an employee to commit fraud include opportunity, a low chance of being caught, rationalization by the individual that the action is not a crime, and justification of the ends versus the means.

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1. What is internal auditing?
2. What types of audits are conducted?
3. What are internal controls?
4. Are internal controls foolproof?
5. Who receives the audit reports?
6. What is the difference between internal auditors and external auditors?
7. What is fraud?
8. Are auditors looking for fraud when performing audits?
9. What should I do if I suspect County resources are being wasted or abused?
10. What should I do if I suspect someone is involved in something illegal?