One weak link can break even the strongest chains – Achilees Heels

One weak link can break even the strongest chains – Achilees Heels

One weak link can break even the strongest chains – Achilees Heels The concept of this particular case study relates to what we called achilees heels. This relates to the very small control deficiency in any system which sometimes is...
read more
Counterfeit Notes

Counterfeit Notes

There was another very interesting case of a very good Samaritan , a person who was very good, friendly and a person always willing to be helpful but sometimes these are the too good to be true symptoms. There was...
read more
Achilles’ Heel Fraud

Achilles’ Heel Fraud

A small loose control in even the most sophisticated system can allow fraud Just as the legendary Achilles was killed because of a very small weakness of a vulnerable heel, an organisation can be seriously damaged by even a small control...
read more
The bifocal vision 

The bifocal vision 

Sometimes seemingly small details or trivia can reveal astonishing facts useful in any problem-solving process In the problem solving process, sometimes even a superhuman effort may not yield a meaningful result, while a very small clue can provide the solutio...
read more
The ‘disaster’ frauds 

The ‘disaster’ frauds 

Employees can exploit disaster or crisis situations. Human nature is frail and easily susceptible to temptation. Therefore, corporate management must be vigilant especially in situations of disaster and crisis, because these offer ideal hunting grounds for per...
read more
When nothing else works !

When nothing else works !

Fraud detection can be made easier by using some common sense methods Certain theories make use of a principle called “reduction ad absurdum”. According to this principle, conclusions can sometimes be derived indirectly, by proving that all other conclusio...
read more
Birbal Trap

Birbal Trap

The wisdom and strategy applied by the legendary Birbal can be effective in fraud detection even today The legendary Birbal could guess what a thief had in mind and plan a situation so as to trap him. One of the most useful...
read more
Fraud through manipulation 

Fraud through manipulation 

If top executives lack accounting expertise, deception is even easier   Lack of accounting knowledge and too much dependence are thriving grounds for fraud. Generally, most CEOs or top level executives rely upon the financial information presented to them b...
read more
The diagnostic power of trends

The diagnostic power of trends

Patterns of both financial and non-financial data can reveal a wealth of information, and even unearth phantoms. Every accountant or auditor applies trend analysis to reassure himself as to the reliability and dependability of the financial data he is concerne...
read more
Combating manipulations

Combating manipulations

The ‘Relative Size Factor’ can unearth various frauds Accounting manipulations stemming from intelligent planning can be easily camouflaged in vast data populations, and, even if noticed, can be explained as errors. Such manipulations are more ofte...
read more