fraud-indicators

Vocabulary Word

Definition

'Fraud indicators' are warning signs that suggest possible fraudulent activity. It's like having alarm bells in a system that go off when something suspicious occurs.

Examples in Different Contexts

In financial analysis, 'fraud indicators' refer to signs or patterns that suggest fraudulent activity within transactions or financial statements. A financial analyst might observe, 'Irregularities in the accounting records are strong fraud indicators, pointing to potential embezzlement.'

Practice Scenarios

Customer-Service

Scenario:

There are multiple shipping addresses linked to this account. Do you think we should escalate this case for review?

Response:

Different shipping addresses do sound like fraud indicators. I'd support escalating this for further review.

Accounting

Scenario:

The reported earnings have seen quite a shift this quarter. Do we need to do an audit?

Response:

I agree, these drastic changes in profit can indeed be fraud indicators. We should initiate an audit immediately.