Fraud Details Template
(See attached for Background and Example Answers)
Audit Office:
Contact Details:
Client Type
Industry Type
Number of employees in client’s
organisation
Revenue of client’s organisation
Number of fraudsters
Fraudster’s relationship with
organisation
Amount defrauded ($)
Type of fraud
Age of fraudster
Gender of fraudster
Rank of internal fraudster
Purpose of fraud
Internal fraudster – years of
service
Internal fraudster – employed in
which area of organisation
External fraudster – relationship
with organisation
Number of fraudulent acts
Method of detection
Length of time taken to discover
fraud
Follow up action
organisation
Changes
made
procedures
of
to
client
client’s
Changes made to Audit Office
procedures
General information (outline of
how fraud was perpetrated,
lessons learnt, circumstances
allowing fraud to occur, etc)
Please provide completed form to John Rosier at <john.rosier@audit.nsw.gov.au>.
Fraud Details
Background
Given the increased emphasis which the auditing profession is obliged to give to the risk of
fraud and its effect on financial reports, the ACAG Member Offices have agreed to share
information so that each is in a better position to consider fraud risk factors and possible audit
strategies to address them.
Periodically, participating Audit Offices will be asked by ACAG to provide details (based on a
template) of one or more frauds of which the Office is aware. The collected information will
then be provided to the participating Offices and posted to a database.
Obviously, any information which is confidential, sub-judice or may not be disclosed for any
other reason should not be provided.
Example Answers
Client Type
-
Department
-
Statutory body
-
Company
-
Local government council
-
Request
-
Cemetery
-
State owned corporation
-
Other (specific type)
-
Human Services/Health
-
Natural Resources/ Environment/Water/Parks
-
Local Government
-
Premier and Cabinet
-
Arts/Treasury/Finance
-
Infrastructure
-
Justice
-
State Development
-
Education
-
Other (specify type)
Fraudster’s relationship with
-
Internal
organisation
-
External
-
Collusion between both
-
Fraudulent financial reporting (misreporting of financial
Industry Type
Type of fraud
information)
-
Asset misappropriation – cash (larceny, skimming,
fraudulent disbursements)
-
Asset misappropriation – inventory and all other assets
-
Corruption (accepting kickbacks, conflict of interest,
bribery)
-
Money laundering
-
Board member
-
Senior management
-
Management
-
Staff
-
Individual profit
-
Bonuses
-
Promotion
-
Power/influence
Internal fraudster – employed
-
Legal
in which area of organisation
-
Finance
-
Board member
-
Research & Development
-
Back office
-
Procurement
-
CEO or CFO
-
Operation/sales
-
Non-executive management
External fraudster –
-
Joint venture partner
relationship with
-
shareholder/stockholder
organisation
-
consultant
-
subcontractor
-
customer
-
supplier
-
Single
-
Multiple
-
Confession of fraudster
-
Negligence of perpetrator
-
Internal audit or management review
-
Tip from employee
-
By accident
-
Internal controls
-
External audit
-
Tip from customer
-
Tip from vendor
-
Anonymous tip or whistleblower
-
Notified by police
Rank of internal fraudster
Purpose of fraud
Number of fraudulent acts
Method of detection
Follow up action of client
-
No action
organisation
-
Settled out of court
-
Settled before the courts
-
Voluntary resignation/retirement
-
Police/law involvement
-
Disciplinary action
-
Internal investigation
-
External investigation
Changes
made
to
client
-
(Detail if any)
to
Audit
-
(Detail if any)
procedures
Changes
made
Office procedures