Continuing my series on Some Common Type of Frauds found in organizations today, I am adding some seven new types to my previous list. Here goes....

1. Selling waste and scrap and pocekting proceeds

2. Falsifying inventories to cover thefts

3. Carrying employees on payroll even after their termination

4. Giving special prices, privileges to some customers and / or granting business to favoured suppliers

5. Shipping stolen goods to employee address / home.

6. Colluding with suppliers for receiving kickbacks.

7. Altering dates on deposit slips to cover stealing.

In case you are reading this and know of more types of fraud please add the same to the comments below. I will update the same in my next post.

More on Common Types of Fraud....>>