Presentation is loading. Please wait.

Presentation is loading. Please wait.

Fraud in the Construction Workplace What is it? How do you spot it? How do you avoid it?

Similar presentations


Presentation on theme: "Fraud in the Construction Workplace What is it? How do you spot it? How do you avoid it?"— Presentation transcript:

1 Fraud in the Construction Workplace What is it? How do you spot it? How do you avoid it?

2 Fraud: What is it? Definition: the crime of obtaining money or some other benefit by deliberate deception Can be external as well as internal Estimated that up to 6% of revenue lost to fraud yearly

3 Fraud: How to spot it. Bank Reconciliations No time off Change in lifestyle Lack of explanation for change in numbers

4 Fraud: How to prevent it. Division of Duties Frequent Bank Deposits Match payment with documentation Basic background checks

5 Questions? Thank you. Slides by Krueger & Smith


Download ppt "Fraud in the Construction Workplace What is it? How do you spot it? How do you avoid it?"

Similar presentations


Ads by Google