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Today's Message

Posted: Tuesday, January 31, 2012

Internal Control SNAPS: Fraud Is Everybody's Business

The intentional mismanagement of resources for personal gain is fraud. Fraud is an illegal act that can carry stiff penalties.

It is well understood that officials and employees in any community are expected to safeguard community assets and not use them for personal gain. This is true for Buffalo State as well. In our official capacities, we are administering federal, state, student, and donor funds as well as managing departmental resources in support of campus programs. Inherent in these activities is the expectation that resources will be well managed and not mismanaged to benefit any person(s).

We rely on employees to recognize or question any activity that might be considered fraudulent; however, 
being alert to fraud means knowing what to look for in the way of warning signs, or “Fraud Red Flags.” Please visit Buffalo State’s Internal Control Program website for more information regarding fraud, Fraud Red Flags, and reporting any suspected fraudulent activities.

Additional IC SNAPS can be found at www.buffalostate.edu/internalcontrol/x517.xml.

Submitted by: Rebecca Schenk
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