Office Policy Regarding Prevention And Detection Of Suspected Fraudulent Behavior And Dishonesty

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The purpose of this antifraud statement is to communicate municipal policy regarding prevention and detection of suspected fraudulent behavior and dishonesty by employees and others, and to provide explicit instructions to follow in case of violations. The development of this antifraud policy is to emphasize a zero-fraud tolerance from public employees; it also sends out a clear message to public managers and taxpayers that their City will not tolerate fraudulent conduct. The City is committed to preventing fraud and corruption from occurring and developing an antifraud environment. City officials and employees must always observe all the applicable rules and regulations pertaining to fraud prevention. The City will not tolerate the…show more content…
Skimming- Stolen cash from the City before it has been recorded on the City’s financial records. Cash Larceny- Stolen cash from the City after it has been recorded on the City’s financial records.  Inventory and other assets Misuse – Inappropriate use, misapplication, destruction, removal of City’s inventory or assets for personal use. (i.e., using City’s vehicles for personal errands) Larceny – Stolen inventory or other assets from the City. Corruption – Unlawful use of influence in a business transaction in order to obtain some benefit from another person.  Conflict of interest – An undisclosed economic or personal interest in a transaction that negatively affects the City.  Bribery - The giving, offering, receiving or asking of anything of value to influence and official action.  Illegal Gratuities – Someone that benefits from a business decision in giving of a gift to a person who make the decision. This fraud does not need proof of intent to influence.  Economic Extortion – Employee demands payment from a vendor/contractor to influence an official’s business decision. Fraudulent Statements – Misrepresentation of the City’s financial statements.  Inappropriate reports of revenues and expenses to intentionally misrepresent the financial position of the City. Fraud Awareness and Prevention All

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