THE FACTORS THAT PERPETRATOR COMMITTED THE FRAUD SUCCESSFULLY AND THE THING THAT MAKES THE COMPANY DISCOVER ABOUT THE FRAUD

Abstract

Nowadays, we see many fraud cases of famous companies being revealed on the news and social media. Most of the time, accounting staff are part of the scheme or even the key person who commits the fraud. The first question that came to the minds of people who read the news would be how those people took the money from the company without anyone noticing and how the company found out eventually about the fraud being commited. This paper aims to study a fraud case which the fraud investigator team thinks is remarkable and can be a lesson for the management in every company to be aware about the potential fraud that might harm their organisation in many ways. Frauds can happen in any company of all sizes and the perpetrator, which can be in any level, may have a way to cover their wrongdoings immaculately. Understanding their intention and the scheme of the fraud would be a useful lesson for the management to prevent this kind of bad situation and any damage that might be caused from people inside the organisation.