Running head: INDIVIDUAL PROJECTIndividual ProjectNameInstitutionINDIVIDUAL PROJECT2IntroductionIt is patently clear that fraud the pursuing of a dishonest act that causes significantfinancial loss to an organization or individual. Markedly, this may include stealing ofone's personal property, employees stealing money from their employer; deception isused at the time of committing the act. As well, the concealing, deliberate falsificationof documents intended to be deployed in the proper conduct of business for personalgain is fraud. It is heeded that fraud can be conducted by people working for theorganization or by outside individuals (Wells, 1997).Calculations on the total estimated amount of fraud and the percentage that thetotal sales must grow just to cover the fraudAccording to report to the nations on occupational fraud and abuse in typicalorganizations, it is estimated that occupational fraud on revenue was 5 %. As such,for a company whose sales revenue is $ 25 and net income $ three million. The totalestimated fraud will beRevenueOccupational fraudTotal fraud25,000,000.005%1,250,000.00SalesFraudTotal sales with fraudPercentage for sales to grow25,000,000.001,250,000.0026,250,000.000.05As from the figures above, it is observed that in the scenarios where fraud is aconcern, the aggregate revenues of the company the total losses is $ 1,250,000.Therefore, this has the potentiality of compelling the company to work extra ha ...
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