Investigating Fraud and Strategies to Decrease Fraud within Youth Sports Organizations
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Date
2023-12-06
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Authors
Hudnall, Mason
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Publisher
East Carolina University
Abstract
Occupation fraud is one of the most common financial crimes. Occupational fraud is defined as fraud committed by individuals against the organization that employs them. Most people that commit occupational fraud have access to the organization’s accounts. There are 3 common forms of occupational fraud but the most common is asset misappropriation. According to the Report to the Nations, in 2020 86% of all occupational fraud cases were asset misappropriation. Asset misappropriation involves the theft of assets, fraudulent disbursement of funds, and misuse of assets. Youth sports organizations are a big part of every community. These youth sports organizations are normally non-profit organizations that rely heavily on parents and other volunteers to help. This study investigates occupational fraud within youth sports organizations. Using the Fraud Triangle Theory which shows the leading indicators for fraud. The main indicators for fraud are motivation (i.e. financial struggles), opportunity (i.e. accessibility to financial accounts), and rationalization (i.e. self-justification). The findings indicate that age, position within an organization, and time period of fraud play a large role in determining who is most likely to commit occupational fraud within youth sports organizations. This study also goes into various fraud prevention methods and training that should be in place for youth sports organizations.