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Frauds in Business Organizations: A Comprehensive Overview

Frauds in Business Organizations: A Comprehensive Overview

Marie G. Nakitende, Abdul Rafay, Maimoona Waseem
Copyright: © 2021 |Pages: 18
ISBN13: 9781799855675|ISBN10: 1799855678|ISBN13 Softcover: 9781799855682|EISBN13: 9781799855699
DOI: 10.4018/978-1-7998-5567-5.ch002
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MLA

Nakitende, Marie G., et al. "Frauds in Business Organizations: A Comprehensive Overview." Handbook of Research on Theory and Practice of Financial Crimes, edited by Abdul Rafay, IGI Global, 2021, pp. 21-38. https://doi.org/10.4018/978-1-7998-5567-5.ch002

APA

Nakitende, M. G., Rafay, A., & Waseem, M. (2021). Frauds in Business Organizations: A Comprehensive Overview. In A. Rafay (Ed.), Handbook of Research on Theory and Practice of Financial Crimes (pp. 21-38). IGI Global. https://doi.org/10.4018/978-1-7998-5567-5.ch002

Chicago

Nakitende, Marie G., Abdul Rafay, and Maimoona Waseem. "Frauds in Business Organizations: A Comprehensive Overview." In Handbook of Research on Theory and Practice of Financial Crimes, edited by Abdul Rafay, 21-38. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-5567-5.ch002

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Abstract

Fraud has been evolving and increasing with the change in the work environment, organizational structures, industrialization, and legislation. Money, greed, manipulation, job pressures, family needs, opportunity, politics, rationalization are the crucial reasons that lead people to behave fraudulently. The purpose of the chapter is to discuss a brief overview of theories of fraud. It presents causes that inspire individuals to commit fraud, methods for identifying fraud, and motives that encourage people to commit fraud. Management must try to eliminate the vulnerabilities that offer criminals the chance to commit fraud. Organizational leaders must be diligent, implement a robust anti-fraud strategy, and discourage all improper practices. Employee performance can also be strengthened through realistic anti-fraud preparation, and conformity with legal and regulatory obligations. Thus, fostering an ethical corporate culture is essential for fraud prevention.

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