Test Your Fraud IQ
Eventually, everyone who works with or around money professionally comes across a particular transaction that just doesnâ€™t look right. Lots of these eyebrow raisers turn out to be false alarms, and some even have odd, albeit legitimate and legal explanations. Still, there are those that defy explanation of any kind. If youâ€™re not in the business of looking for fraud on a daily basis, will you be able to recognize it when it presents itself to you? Statistically speaking, it willâ€¦sooner or later. Visit the Journal of Accountancy to test how savvy your fraud sense is.