How to spot occupational fraud red flags [infographics]

Posted by James Price | JPAbusiness on 09-Oct-2019 02:00:00

A couple of years ago the Australian Financial Review quoted Detective Superintendent Arthur Katsogiannis, then commander of the NSW Police fraud and cybercrime squad, in a story about corporate crime.

Superintendent Katsogiannis said that in 100% of corporate crime investigations he had been involved in, corruption goes hand-in-hand with a “compromised personal life”.

Gambling, drinking, drug taking, living beyond their means and inappropriate sexual conduct were all indicators of a personal life as compromised as the perpetrator’s professional life.

The article also cited research by the Association of Certified Fraud Examiners (ACFE), the world's largest anti-fraud organisation, which publishes the biennial Report to the Nations on Occupational Fraud and Abuse.

The following infographics were published in the ACFE's 2018 report to help business owners and managers recognise the red flags of occupational fraud.

Fraud 001a


Infographic titled 'red flags varied  by perpetrator's position'

Infographic showing how red flags varied by perpetrator's gender

So what can you do about it?

To help you mitigate against and protect your business from employee fraud, we have created a downloadable version of the 2018 ACFE report’s ‘Fraud Prevention Checklist’.Fraud prevention checklist cover

The checklist is designed to help you consider and test the effectiveness of your organisation’s fraud prevention measures.

For more information about employee fraud, take a look at our 2016 eBook: Employee fraud: 15 strategies to reduce the risk.

If you would like support to develop a sound business culture and operational practices and checks that will underpin a fraud prevention strategy for your business, contact the team at JPAbusiness on 02 6360 0360 (Orange) or 02 9893 1803 (Parramatta) for a confidential discussion.



Employee Fraud eBook | JPAbusiness


James Price 2018 smallJames Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.


Topics: infographic, Employee fraud, business advice, James Price, fraud prevention, Parramatta, Orange NSW, managing employees

Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 





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