Question

The topic of the brain storming session is examples of fraud in the workplace.

Answer 1

- False billing: employees create or manipulate invoices to show expenses or services that have not been incurred
- Payroll fraud: employees create ghost employees or inflate hours worked to receive extra payments
- Expense reimbursement fraud: employees submit false or exaggerated expenses for personal gain
- Kickbacks: employees accept commissions or payments from vendors in exchange for giving them preferential treatment
- Embezzlement: employees misappropriate funds or assets entrusted to them for personal use
- Identity theft: employees steal personal information of colleagues or customers to commit fraud
- Financial statement fraud: employees manipulate financial records or statements to deceive stakeholders
- Inventory theft: employees steal goods or materials from the workplace for personal use or to sell
- Time theft: employees engage in personal activities during work hours or incorrectly report hours worked
- Bribery: employees accept gifts, money, or favors in exchange for granting undue benefits or favors to others.