How to prevent fraud in business: An investigation

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Hello readers, I hope you enjoyed part 1, part 2 and part 3 of this article. Today, I will be giving you a brief description on how to carry out a fraud investigation. A fraud investigation should be carried out after receiving complaints whether formal or informal or when it appears that a fraudulent action has been carried out. The management must create a procedure for carrying out an effective investigation. An internal auditor could assist in evaluating the procedures stipulated by the management.

Procedures include planning the investigation, during this phase; would help investigators such as the internal auditors, forensic accountants , lawyers and others understand the situation during this period. Afterwards, the level of skills required to carry out the investigation should be determined. Evidences could be obtained via interviews, questions that will be asked must have been drafted in advance. Suspect(s) and withness(es) should be interviewed. Evidences can also be gotten from IT systems, ledgers, phone records and others.

Sufficient evidence will suggests that the fraud occurred. A written report of the result of the investigation must be documented. This will help improve the controls you have in place to prevent or detect fraud. The Company should also learn from the investigation and develop their systems to remove loopholes the fraudster(s) took advantage of.

Keep checking my blog regularly, Cheers!

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Evil: Lekki Central Mosque

Asalam alaykum There are mosques and there are evil places that call themselves mosques, Lekki central mosque is one of those places such an evil place. The so called chief imam Ridwan Jamiu is also fake. A mosque, they have two floors. I thought women where suppose to be upstairs and men downstairs. Yet, he allowed women to be entering the part where men enter, seeing women and men walking and passing through the same door. Women praying downstairs with no division between men and women. When I asked him about it, he said it is allowed. How is that allowed. Islam does not encourage the mixing of different sexes. Where ablution is done in the female part is sometimes dirty, when you are suppose to do ablution in a clean place.The toilets there were dirty and they face the qibla. Toilets are not meant to face the qibla according to Islamic law. There is one toilet there that did not face the qibla. A pit latrine, which i find odd why would there be regular toilets and one pit latri...

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Quran 3:56-59

Asalam alaykum "As for those who disbelieve, I will punish them with a severe punishment, in this world and the next, and they will have no helpers. And as for those who believe and do good works, He will give them their rewards in full. God does not love the unjust.” This is what We recite to you of the Verses and the Wise Reminder. The likeness of Jesus in God’s sight is that of Adam: He created him from dust, then said to him, “Be,” and he was." Quran 3:56-59 Ma salam.

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