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Spotting Fixed Assets Fraud

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What irregularities should a fraud examiner look for in a firm's fixed assets?

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Solution Summary

This response gives a few red flags that indicate the more common fixed asset frauds like using company equipment for personal use or outright theft. 263 words with a cited reference.

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Fixed asset fraud, or what is commonly called "fixed asset misappropriation", is the most common type of fraud, according to the Association for Certified Fraud Examiners, in 2010. This umbrella term includes the "theft of a company's assets and the misuse of the company's assets" (Apostolou, 2000).

The most common fixed asset fraud involves using the company's equipment for personal gain, either during work ...

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