Question

How does our environment create people capable of complex fraud?

Answer 1

How does our environment create people capable of complex fraud?

Ans:

Environment is varies from situation to situation what situations will lead to or insisted in the fraud is depends on how the surrounding environment is placed around the people or Person. It’s all about safety, security, Controls, Audit, Frequent observations, Gaining of official Knowledge,Etc

The below are the events or tasks or facilities which will lead to creation of environment or Provide an   Opportunity or chances for     Fraud or Exploitation.

Lack of transparency

Impostor syndrome

Lack of Transaction controls or Log

Lack of Internal control or audit

Lack Proper security in the working areas

Lack of control

Giving Powers

Lack of segregation of duties

Providing sensitive information or knowledge

Physical Safety

Lack of Governmental Policies

Unawareness about the laws and there consequences in case of both simple and complex frauds.