What is Fraud?

The Institute of Internal Auditors (IIA) describes fraud as "an array of irregularities or illegal acts characterized by intentional deception. It is can be perpetrated for the benefit of or to the detriment of the organization and by persons outside as well as inside the organization."

Examples of these acts that are intentional:

  • Purchasing personal items with a University purchasing card
  • Forgery, falsification or alteration of documents
  • Misappropriation of funds, securities, supplies, inventory or any other University asset
  • Misrepresentation of events or data
  • Authorizing or receiving payment for hours not worked
  • Authorizing or receiving payment for goods not received or services not performed
  • Improprieties in handling or reporting of money or financial transactions
  • Acceptance of bribes or kickbacks
  • Inflating or overstating expense reports
  • Stealing Intellectual Property
  • Submitting fictitious receipts for reimbursements

Report Fraud

Please contact Internal Audit at (804) 289-8099 or make an appointment with the Internal Auditor to report fraud.