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„Soll an Haben“ WCHC Round 1 - Fraud Sönke Erfkamp, Jonathan Bernwieser, Florian Ruppert, Moritz Pfeiffer.

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Presentation on theme: "„Soll an Haben“ WCHC Round 1 - Fraud Sönke Erfkamp, Jonathan Bernwieser, Florian Ruppert, Moritz Pfeiffer."— Presentation transcript:

1 „Soll an Haben“ WCHC Round 1 - Fraud Sönke Erfkamp, Jonathan Bernwieser, Florian Ruppert, Moritz Pfeiffer

2 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: Order a good at a higher price than normal by manipulating the purchase requisition. Use a complice as Vendor to obtain the profit margin. Our example: The employee Albert Jackson (JACKSONA) uses his rights to order ten overprized fire trucks at his wifes company. "Soll an Haben" - WCHC Round 1

3 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: Identification of uncommon material, which is currently only purchased internally (explains new vendor and new price). Our example: GTS (a very awesome fire truck) is selected as material. It normally costs around 110k Euro. "Soll an Haben" - WCHC Round 1

4 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: Creation of new vendor, which is controlled by us or a complice. Our example: Jackson creates MEIERSOHN, a new vendor, who focuses on the production of awesome fire trucks. "Soll an Haben" - WCHC Round 1

5 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: Create a new purchase requisition for selected material. Increase price compared to reference price in material master data. Our example: We order ten fire trucks for a price of 180k Euro per truck. "Soll an Haben" - WCHC Round 1

6 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: Create a new purchase order based on created purchase requisition. Order the goods from the created vendor. Our example: Jackson orders the goods at Meier & Söhne for the higher price. "Soll an Haben" - WCHC Round 1

7 The Fraud Purchase Requisition Purchase Order Goods Receipt Master Data Material Vendor Purchase to Pay Process Invoice Receipt Outpayment General Idea: No further action from fraudster required. These steps can be performed by any other employee. Our example: Peter Griffin (GRIFFENP) performs these steps of the P2P- Process. He is not involved in the fraud at all. Our partners at Meier & Söhne order the fire trucks at another company for a lower price (similar to the price that the trucks have normally according to our data) and collect the big margin. "Soll an Haben" - WCHC Round 1

8 What‘s the damage? "Soll an Haben" - WCHC Round 1 10* ( ) = Euro


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