Nancy Pasternak of KPMG made a fine presentation at the Texas Educators CPA Conference on the latest fraud findings. Her presentation was mainly based on the KPMG Survey You can download it and read at your leisure and for future reference on the hyperlink.
The Association of Fraud Examiners also has its 2006 annual report out. It is a bit longer but studies over 1100 actual fraud incidents. Again, a good source for the future. I will print these out and put on reserve in the library.
Frauds are committed by folks who have
the propensity to rationalize their behavior
the opportunity to seize assets for their own use
usually the lack of controls to prevent a small number of perps to commit the crime
We will be studying this at length in the systems class in the spring and the audit class in the fall.
Dennis Elam
Professor Elam 
Leave a comment