Occupational Fraud and Abuse

Occupational fraud and abuse refer to illegal or unethical actions committed by employees within an organization for personal gain. This includes schemes like theft, misreporting expenses, or manipulating records to benefit themselves or harm the organization. Such actions can damage a company's finances, reputation, and trust. Typically motivated by financial pressure, opportunity, or rationalization, these acts undermine organizational integrity and can be perpetrated by employees at any level. Preventing and detecting occupational fraud requires strong internal controls, regular audits, and a culture of transparency and accountability.