IntegrityStar UCF Compliance & Ethics Newsletter UCF Compliance & Ethics Newsletter

In the Spotlight

This edition of the IntegrityStar highlights a current but very important policy, UCF 2-800.1 Fraud Prevention and Detection.

Fraud involves a willful or deliberate act or omission with the intention of obtaining an unauthorized benefit, service, property, or something of value by deception, misrepresentation, or other unethical or unlawful means.

Most of us find it difficult to believe that fraud would ever occur in our workplace. Most people are honest and would never consider committing fraud.  However, misinformed people may inadvertently commit fraud and dishonest people will use their ingenuity to exploit any opportunity to commit fraud.

Fraud may include but is not limited to the following activities:

  • Inappropriate purchases using university funds
  • Misappropriation of funds
  • Inappropriate use of contract or grant funds
  • Authorizing or receiving employee compensation for hours not worked
  • Forgery, destruction, or altercation of documents (checks, time sheets, contracts, purchase orders, leave reports, budgets, etc.)

Most fraud can be avoided if people carefully follow the systems and controls designed to prevent individuals from having total control over money, supplies, or records. But the fastest way to stop fraud is to report it directly or anonymously to University Audit via telephone, email, letter, on in person or to the UCF IntegrityLine.

To view all of the procedures relating to Fraud, please refer to the policy.

For questions or concerns regarding this policy, please contact University Audit at 407-823-2889.