Financial Management
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Red Flags
Potential Corruption/Malpractice Risks
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1
Missing or non-sequential vouchers (e.g. receipts, invoices).
A staff member may have pocketed the cash received or made unauthorised payments for personal gain.
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2
Frequent ambiguous transactions (e.g. other expense, miscellaneous) in the accounts.
A staff member may have embezzled company funds and falsified transactions to cover up.
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3
Always unable to provide original receipts for payment or reimbursement claims.
A staff member may have made fraudulent claims for non-existent or inflated expenses.
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4
Repeated payments to the same company/supplier.
A compromised staff member may be colluding with the company/supplier to claim payments for same services/items repeatedly.
