Fraud Detection & Investigation Audit in Government Accounting
Introduction
Many public sector organizations rely solely on external auditors to detect fraud, although typically an audit has been designed to check fair presentation of financial statements rather than detecting fraud. The government has had its share of employee embezzlement, theft, false expenses and misappropriation of money.
Among all types of fraud, fraudulent financial reporting is on the rise. Fraudulent financial reporting is the intentional misrepresentation of financial statements with the aim of earning profits and misleading recipients about operational performance and financial liability.
In the government, fraudulent financial reporting is usually committed to receiving funding for projects, financing terms and interest rates. There are various methods and signs to indicate fraud within the government. Government accounting fraud highly influences investor decisions to issue bonds and has a grave impact on taxpayers, citizens and civic employees.
Course Objectives
- keep a keen eye on operations and minute details of other business transactions to be able to detect possible instances of fraud occurrence and devise appropriate next steps to prevent the occurrence
- work with advanced techniques and methods to detect and prevent fraud
- to be part of decision making and policy forming for handling fraud in government accounting
- to handle instances of fraud and implement disciplinary action and next steps in the event of such instances