Helping to Prevent University Fraud
Universities are as rife with scams as other organizations and are in as much need of adopting strong anti-fraud policies and procedures. A college or university may experience many types of fraudulent schemes, and the perpetrators may come from many levels of the organization — from presidents, whose authority makes committing large fraud easy, to maintenance workers, who might be tempted to switch the new tires on the college van with the old ones from a personal vehicle.
"Helping to Prevent University Fraud," written by Deloitte Financial Advisory Services Principal Ron Schwartz and Senior Manager Matthew Larson, along with Mary-Jo Kranacher, editor-in-chief of the CPA Journal, the official publication of the New York State Society of Certified Public Accountants (CPAs), explores the reasons colleges and universities are vulnerable to fraud, common fraud schemes and why they occur, and some of the key issues to consider when putting together a plan to help reduce fraud.
Learn more in the white paper attached below.
Video: A Discussion About University Fraud