Navigation:


DISCUSSIONS > FRAUD [ REFRESH ]
Thread Title: Receiving Fraud
Created On Sunday December 08, 2013 6:49 PM
  Receiving Fraud
  Receiving Fraud
  Receiving Fraud


Vignesh


Posts: 1
Joined: Dec 2013

Sunday December 08, 2013 6:49 PM

User is offline View thread in raw text format

Hi Everyone. I've just been transferred from the Finance dept to the Internal Audit dept. I need some guidance on a issue.

There are receiving fraud going on at our retail shops. Shops receive good directly from the suppliers and also from the central warehouse. The drivers with the help of the receiving stock get the receiving stamps and signature (sometimes forged) without even delivering the goods. The receiving staff submit the forms to the admin staff and they receive the goods in the system. We uncover the lossess during the periodic stocktakes and we are loosing millions every year through receiving frauds.

What kind of controls can effectively prevent this from happening ? We have external security in place monitoring the receiving gates, we send a diff staff picked up randomly from a group and along with the deliveries but still could not stop these frauds.


Reply
Quote
Top
Bottom



mcalhoun


Posts: 167
Joined: Dec 2005

Tuesday January 07, 2014 12:18 PM

User is offline View thread in raw text format

Please note that The IIA’s Discussion Forums will become inactive as of January 31, 2014.

We encourage you to continue the conversation on The IIA’s various social media channels.
Join our LinkedIn Group to engage in lively discussions with 67,000 other professionals.
Visit our Facebook page and become one of our 17,000 Facebook followers.
Join the 7,000 others who follow us on Twitter.

Links are:
LinkedIn: http://www.linkedin.com/groups?about=&gid=107948&trk=anet_ug_grppro
Facebook: http://www.facebook.com/TheInstituteofInternalAuditors
Twitter: http://www.twitter.com/TheIIA

Reply
Quote
Top
Bottom



mcalhoun


Posts: 167
Joined: Dec 2005

Monday January 13, 2014 8:45 AM

User is offline View thread in raw text format

19 More Days!

Please note that The IIA’s Discussion Forums will become inactive as of January 31, 2014.

We encourage you to continue the conversation on The IIA’s various social media channels.
Join our LinkedIn Group to engage in lively discussions with 67,000 other professionals.
Visit our Facebook page and become one of our 17,000 Facebook followers.
Join the 7,000 others who follow us on Twitter.

Links are:
LinkedIn: http://www.linkedin.com/groups?about=&gid=107948&trk=anet_ug_grppro
Facebook: http://www.facebook.com/TheInstituteofInternalAuditors
Twitter: http://www.twitter.com/TheIIA

Reply
Quote
Top
Bottom

DISCUSSIONS > FRAUD [ REFRESH ]
The Institute of Internal Auditors • 247 Maitland Avenue Altamonte Springs, FL. 32701-4201 USA
+1-407-937-1100 • FAX +1-407-937-1101 • www.theiia.org