Detection & Investigation Strategies

The third day of the training saw key fraud investigators sharing their own experiences through deliberation of their case studies: Volvo, Procter & Gamble, VMW, India Petroleum Company and many others. Investigators shared the need to instill the sense of urgency among employees that fraud means reduction of revenue and an escalation of cost. In the end, not only will fraud affects organisational performance, it will also eats up potential bonuses to be shared among employees of organisations. We were also told that fraud prevention mechanisms need not necessarily only in the forms of expensive tools or gadgets, in some cases, it could just be going to the ground and asking people questions; being more observance of the work ing environment; heightening responsibility and doing simple analysis of the expense trends..