8 ways to deter and detect campus fraud

Thursday, January 9, 2014

What do a private liberal arts college, a public community college and a high-ranking national university all have in common? Each recently reported six-figure occupational fraud losses.

Further, the five most common types of fraud schemes in higher ed involve billing, expense reimbursements, corruption (including bribery and conflicts of interest), skimming (cash stolen before it’s on the books) and payroll, according to a recent survey, which reflects the responses of 1,388 certified fraud examiners across 22 industries.