Sections
Fraud Risk
Definition
Fraud
A knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment .
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* Black’s Law Dictionary. (2004). In Bryan A. Garner (Ed.), Black’s Law Dictionary (8th ed.). Eagan, Minnesota, United States: West Group.
Fraud Risk Documents
Downloads
Downloadable, article.
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Divider Text
Developing the Entire Fraud Picture
by Alexis C. Bell, MS, CFE
Overview
Issue Date
Length
by Alexis C. Bell, MS, CFE
Overview
- Not every fraud scheme results in stolen money. Certified Fraud Examiners (CFEs) should consider all aspects of a fraud case when calculating the impact of fraud. Here are three primary calculations when reporting the amount of fraud impact:
- total exposure
- fraud amount
- known loss
Issue Date
- January / February 2021
Length
- 5 pages
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About
Šóta Signal Analytics is a software-as-a-service that produces Šóta Scores on a given organization, providing an early warning for the risk of material misstatements due to possible fraud (intentional) or mismanagement (typically unintentional). Šóta's market category is reporting veracity, which means discovering the risk of inauthentic financial reporting.
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