Insider Fraud: Why NCUA Exams Must be Onsite
Download MP3In this episode we discuss the fraud triangle and why NCUA will always do exams onsite.What is the Fraud Triangle?The fraud triangle is a framework commonly used in auditing to explain the reason behind an individual’s decision to commit fraud. The fraud triangle outlines three components that contribute to increasing the risk of fraud: (1) opportunity, (2) incentive, and (3) rationalization.
In this episode we discuss the fraud triangle and why NCUA will always do exams onsite.
What is the Fraud Triangle?
The fraud triangle is a framework commonly used in auditing to explain the reason behind an individual’s decision to commit fraud. The fraud triangle outlines three components that contribute to increasing the risk of fraud: (1) opportunity, (2) incentive, and (3) rationalization.
