A CASE STUDY IN FRAUD PREVENTION: CHARLENE CORLEY

Peter Harris and Fay Teplisky

Review of Business and Finance Studies, 2018, vol. 9, issue 1, 39-51

Abstract: This case study discusses fraud, and illustrates several preventive and detective fraud methodologies as they apply to a historical case study (United States of America vs. Charlene Corley). Criminal fraud cases have emerged with greater frequency over time, which has resulted in improved detection methodologies; such as Embedded Audit Modules and Benford’s Law, and preventive methods, such as budgetary controls. These methodologies are discussed and analyzed in great detail in this paper, and may be implemented by companies to ensure compliance with internal control policies developed by regulatory agencies

Keywords: Benford’s Law; Audit; Fraud; US vs. Charlene Corley; Budgetary Controls; Embedded Audit Modules; Detection Controls; Preventive Controls (search for similar items in EconPapers)
JEL-codes: M40 M42 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:rbfstu:v:9:y:2018:i:1:p:39-51

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