After a US company set up a fraud hotline it received an anonymous tip about a fraud scheme that had drained approximately $580,000 from the business. The whistle-blower reported that the company's accounts payable manager had been approving fictitious invoices from his own outside company. The tip brought an abrupt end to the manager's windfall and the fraudster was terminated and arrested. The company ultimately recouped most of its losses....

BPIR Categories

11.1.5 Manage financial risk

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