Assessment Method, Rolling brain storming session with key-notes The facilitator should lead a large group rolling brain storming session. This means that everyone in the class will have a tum to contribute their thoughts and ideas
The topic of the brain storming session is examples of fraud in the workplace
Record key notes of as many examples as possible and attach to PoE
Assessment Method: Rolling Brainstorming Session with Keynotes
Instructions:
1. The facilitator should inform the participants that the topic of the brainstorming session is examples of fraud in the workplace.
2. Encourage everyone in the class to actively participate and contribute their thoughts and ideas.
3. Explain that the goal is to record key notes of as many examples of fraud as possible.
4. Emphasize that the session should be conducted in a respectful and non-judgmental manner.
5. Start the brainstorming session by allowing each participant to take turns sharing their examples of workplace fraud.
6. As participants share their ideas, the facilitator or an assigned recorder should write down key notes or brief summaries of each example.
7. Ensure that the key notes are comprehensive enough to capture the essence of the example but concise to allow for quick review.
8. Once all participants have had an opportunity to share, review the list of recorded examples to ensure it covers a wide range of fraud scenarios.
9. Collect all the key notes and attach them to the Proof of Evidence (PoE) document or any document that will be used for further analysis or presentation.
Example Keynotes:
1. Billing Fraud - An employee inflates invoices or submits fraudulent bills to the company for personal gain.
2. Payroll Fraud - An individual manipulates timesheets, alters salary rates, or creates fake employees to misappropriate funds.
3. Expense Reimbursement Fraud - Employees fabricate or exaggerate business expenses to receive excessive reimbursements.
4. Insider Trading - An employee trades in securities using non-public material information to gain an unfair advantage.
5. Cash Skimming - A worker pockets cash payments without recording them in the organization's accounting system.
6. Bribery - Someone offers or accepts bribes to gain favor or secure business deals dishonestly.
7. Financial Statement Fraud - Altering financial records or statements to mislead investors, lenders, or other stakeholders.
8. Vendor Fraud - Employees collude with vendors to receive kickbacks, inflated invoices, or substandard goods/services.
9. Data Theft - An employee steals confidential information like customer data, trade secrets, or intellectual property.
10. Embezzlement - An individual misappropriates funds entrusted to them, diverting money for personal use.
11. False Reporting - Manipulating or falsifying documents, records, or reports to deceive management or regulators.
12. Identity Theft - An employee uses someone else's personal information without consent for fraudulent activities.
13. Underreporting Revenue - An organization intentionally understates sales or revenue to evade taxes or defraud stakeholders.
14. Inventory Theft - Workers steal company assets or inventory for personal use or resale.
15. Kickbacks - Employees receive illicit payments or favors from suppliers or contractors in exchange for preferential treatment.
Remember to include as many examples as possible to ensure a comprehensive overview of fraud in the workplace.