{"id":298,"date":"2019-09-20T13:51:13","date_gmt":"2019-09-20T18:51:13","guid":{"rendered":"https:\/\/www.nicholls.edu\/internal-audit-department\/?page_id=298"},"modified":"2019-09-20T13:51:13","modified_gmt":"2019-09-20T18:51:13","slug":"characteristics-of-fraud","status":"publish","type":"page","link":"https:\/\/www.nicholls.edu\/internal-audit-department\/fight-fraud-waste-and-abuse\/characteristics-of-fraud\/","title":{"rendered":"Characteristics of Fraud"},"content":{"rendered":"<p>Regardless of the definition used, certain characteristics are common to fraud, including:<\/p>\n<p>Misrepresentation of a material fact<\/p>\n<ul>\n<li>Made knowingly and with the intent to deceive<\/li>\n<li>Reliance on the misrepresentation by the victim<\/li>\n<li>Resulting in injury or damage from such reliance<\/li>\n<\/ul>\n<p>The perpetrator\u2019s intent to deceive is usually the hardest element of a fraud to prove.\u00a0 The following are examples which have been used to prove an intent to deceive:<\/p>\n<p>Admissions<\/p>\n<ul>\n<li>Alteration of documents<\/li>\n<li>Concealment of evidence<\/li>\n<li>Confessions<\/li>\n<li>Destruction of evidence<\/li>\n<li>False statements (lies)<\/li>\n<li>Obstruction of justice<\/li>\n<li>Pattern of conduct (repetition of behavior)<\/li>\n<li>Personal gain<\/li>\n<li>Testimony of a co-conspirator<\/li>\n<\/ul>\n<p>\u201cOrdinary\u201d people commit frauds.\u00a0 Typically, the \u201cordinary\u201d person has a \u201cpressure\u201d in his\/her life (e.g. financial crisis, large gambling debts, or high medical bills).\u00a0 Then, he\/she seizes a perceived \u201copportunity\u201d to alleviate the pressure (e.g. the combination is taped to safe\u2019s door, or no one ever reviews my work).\u00a0 Afterwards, he\/she rationalizes the fraud he\/she committed (e.g. they don\u2019t pay me enough, I\u2019ll pay it back, or I deserve a raise).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regardless of the definition used, certain characteristics are common to fraud, including: Misrepresentation of a material fact Made knowingly and with the intent to deceive Reliance on the misrepresentation by the victim Resulting in injury or damage from such reliance The perpetrator\u2019s intent to deceive is usually the hardest element of a fraud to prove.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":131,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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