Behavioural red flags hold key to fraud detection

Muscat: Fraudsters can cover up their fraudulent activities by various concealment methods making the fraud detection very difficult unless the fraudster is specifically investigated. Although these fraudsters subconsciously display certain behavioural red flags that need to be carefully observed to identify the fraudsters amongst the largely honest people in any organisation.
Most of the fraud scheme are discovered within twenty four months however many frauds can go undetected for years together if these behavioral red flags are ignored.
This was stated by Mubeen Khan, an anti-fraud controls expert, while addressing the members of the Muscat Chapter of the Institute of Chartered Accountants of India.
This lecture was part of CA Day celebration organised by the Chapter under its newly elected Chairman CA. Bhavani Prasad and Vice Chairman CA. Shahnawaz Khan.
CA. Bhavani Prasad presented an outline of the tasks undertaken under his chairmanship for the professional development. He mentioned about the blood donation camp organised on July 1, 2018 on the occasion of CA Day. He thanked the chapter members, sponsor of the event – Muscat Livestock Co. and the Chapter sponsor the College of Banking and Financial Studies (CBFS) for their continued patronage.