Public Sector Fraud Instance
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A Public Sector Fraud Instance is a fraudulent act against an organization where the organization is in a public sector.
References
1996
- (Gauthier & Association, 1996) ⇒ Stephen J. Gauthier, and Government Finance Officers Association. (1996). “Evaluating Internal Controls: A Local Government Manager's Guide.” Government Finance Officers. ISBN:9780891252252
- QUOTE: Like managers in the private sector, public-sector managers have a duty of stewardship for the resources entrusted to their care. Indeed, many would argue that public-sector managers have an even higher degree of responsibility for stewardship than do their private-sector counterparts because the resources they administer are obtained involuntarily (i.e., through taxation) rather than voluntarily (i.e., through individual investment decisions). …
… Finally, once it has been discovered that fraud has occurred, management must seek to determine the full extent of the fraud. Questions that should be asked include "Who else should have known about the fraud?," "What else could the same individual have stolen?," and "Was there any external motivation for the fraud (e.g., financial difficulties) that might help to pinpoint the starting date?" Likewise, management should pursue the prosecution of those who commit fraud to strengthen the government's control environment.
- QUOTE: Like managers in the private sector, public-sector managers have a duty of stewardship for the resources entrusted to their care. Indeed, many would argue that public-sector managers have an even higher degree of responsibility for stewardship than do their private-sector counterparts because the resources they administer are obtained involuntarily (i.e., through taxation) rather than voluntarily (i.e., through individual investment decisions). …