Just because you catch one fraudster in your organisation, does not mean that you caught them all. The opportunity presented by loose controls or other weaknesses may also have been exploited by others, so fraud always require through investigation without assumptions that just because you found one instance does not mean that you found them all.

An investigation in the Royal Academy of Music uncovered a number of staff taking advantage via invoice fraud and the fact the Finance Director approved the transfers, even the FD should have a co-signatory. Though when its the FD its always harder to question your boss. 

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