- A typical organization loses 5% – 7% of its revenues to fraud each year
Asset misappropriation scheme in which an employee steals or misuses the employing organization’s resources (e.g., theft of company cash, false billing schemes, or inflated expense reports)
Understand Fraud Tree and remain vigilant to save yourself and organization from Fraud in this difficult time!!
Criminals are very Opportunistic.
1. Unemployed looking for work
2. looking for medical attention and medical equipment
3. Work from home job offers
4. People are trying hard to protect themselves and their families
Scams can include but not limited to the below:
1. Telephone fraud
2. Phishing – emails
3. Investment and charity and fraud
4. Testing & traetment Fraud
Source “(https://lnkd.in/g3wbMqT)
UAE’s first national fraud awareness campaign begins to curb Covid-19 scams –
Former Internal Audit & Business Risk Manager
Etisalat - UAE, MTN Afghanistan, UAE, South Africa
Ernst & Young, KPMG-Pakistan, Afghanistan, UAE, Qatar
Athar has Over +13 years of experience in Internal Audit, Risk Management governance & Fraud management in different geographical locations.
He has worked in various sectors with large mutli-nationalorganization in the UAE, Qatar, South Africa, Pakistan to develop and implement Internal Audits department, ERM & Anti Fraud frameworks and processes
Involved in training/mentoring of employees of different levels in multinational companies.
He represented at CEO, and Board of Directors meetings, Audit Committee meetings and various Management Committees.
Athar is qualified Chartered Certified Accountant FCCA,Certified Internal Auditor CIA – IIA in one paper challenge examsand Certified Fraud Examiner CFE in 4 days.
He has conducted several training sessions on ongoing issues of Internal Auditing, Fraud Risk Management at various International forum.
- Fraud Tree – Part1 – Asset misappropriation Fraud schemes - August 11, 2020
Fraud Tree – Part1 –
“Asset Misappropriation Fraud scheme”
Fraud Alert & Awareness