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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 61 / 352

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© D.L. Crumbley

Fraudulent Disbursements

Fraudulent disbursements account for three-quarters of the losses, and the most expensive tend to be fraudulent disbursements through billing schemes (45%).

Therefore, internal auditors seeking to get the biggest bang for their investigative bucks should begin by making sure company vendors are for real.

Check tampering (30%).

Source: J.T. Wells, “An Unholy Trinity,” Internal Auditor, April 1998, p. 33.

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