International Fraud Schemes and Controls in Business

All businesses are susceptible to fraud. This presentation will explore examples of international fraud schemes in business, the fraud triangle, and internal controls that can be used to prevent/detect fraud. The fraud triangle is a framework used to understand how fraud can occur within the organization or from the outside. Fraud occurs due to opportunities, motives/pressure, or rationalization. These components describe the individual’s decision to commit fraud. In order to help prevent or detect fraud, businesses should put strong internal controls in place. Most fraud cases occur due to a weak internal control system or lack thereof.

Presenter: Carrie Leffler, Auburn University.