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Fraud Management

Knowledge of and ability to employ internal controls and to enhance business strategies for the purpose of detecting, correcting and preventing fraudulent activities.

Behavior Statements

Proficiency Level 1 - Basic understanding

Describes the implications of Title VIII of the Sarbanes-Oxley Act as it relates to organization.

Explains the potential impact of fraudulent activities on the organization.

Identifies one or more safeguards currently in place to detect or prevent fraud.

Participates in training on matters of fraud, organizational code of conduct or ethics.

Proficiency Level 2 - Working experience

Investigates, detects and corrects fraudulent activities.

Assists in implementing controls needed to comply with Sarbanes-Oxley.

Researches various trends or acts of fraud in peer organizations.

Follows proper procedures for reporting observed fraudulent activities.

Documents the results of organizational risk assessments.

Proficiency Level 3 - Extensive experience

Detects and corrects fraudulent activities in multiple organizations.

Completes an organizational fraud risk assessment.

Implements new or improved controls in parts of the organization with highest fraud risks.

Rewards employees for reporting fraudulent activities.

Implements corrective actions to resolve situations where fraud has been detected.

Imposes appropriate and timely adverse consequences for those who commit fraud.

Proficiency Level 4 - Subject matter depth and breadth

Consults with multiple organizations on the enhancement of fraud detection programs.

Designs antifraud programs and controls for unique business situations.

Creates an environment wherein employees feel comfortable about reporting fraudulent activities.

Promotes an organizational culture of honesty and high ethical standards.

Consults on published reports of fraud and evaluates possibility of similar activity in organization.

Establishes and demonstrates a 'no tolerance' policy toward discovered fraudulent activities.

Interview Questions

  • How did your organization use other agencies or subject matter experts to improve the efficiency and effectiveness of your fraud management program?
  • Tell me about any fraudulent activities you uncovered as a part of your previous position(s).
  • How did your organization identify emerging trends in fraudulent activity (for example, identity theft) and take steps to reduce them?
  • What is the procedure for implementing organizational fraud/risk assessment?

Titles with Shared Competencies