Auditing for fraud is more of an intuitive process than a formal, analytic methodology. Skills depend on the right mindset and practice. One seeks relevant information, organizes it in some meaningful way and then sees the pattern it creates. Every fraud has its unique aspects; however, all thieves do not think alike. They tend to be opportunists. Given a set of circumstances that allow them to steal, they take the easiest way.
In this tool, we provide three guides that outline standards and steps organizations can use for effective fraud detection.