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Construction Planning & Management

 

Is fraud and manupulation of site accounts is uncontrollable?

Created by : Jayatheertha Prakash, Accounts Executive/Accountant  | 03 10 2009 09:23:39 +0000
Industry : ConstructionFunctional Area : Quality Management(Operations)
Keywords : fraud site engineers and supervisors fraudulent accounts of sites and materials. bad management
Activity:  564 views;  last activity : 07 06 2010 20:18:09 +0000

In recent days fraudulent submission of accounts by site engineers and supervisors about the site expenses and site materials to the companies are increasing even taking many measures by the comapay.and not only that companies are facing many problems because of this including management and financial problems.

  
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yes. companies are failing to take measureble steps toavoid fraudulent accounts about site expenses and site materials.and companies has to tolerate these things if the work has to move smoothly in sites. otherwise site engineers create some problem in which finally companies has to suffer.ultimately fraudulent accounts submissition became uncontrollable. 
By Jayatheertha Prakash, Accounts Executive/Accountant  03 10 2009 09:23:39 +0000
 
Top Argument
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Yes it is totally uncontrollable for fraud and manupulation of site accounts. Because people have left being honesty long back.  Every body wants to earn lot of money in all the ways.  It is very difficult to expect like that.  It is chain of cycle.  And now a days no body wnats to be honest and owners also expect the site engineers and site accountant to work hardly and finish the work as early as possible.  For that they have to sacrifice some %age of profit. We can remember the lines every thing is fare in war & love

By Sudha Shree Kumar Accounts Manager, Samskruti Builders Pvt. Ltd.,
By sudhashreekumar , Head/VP/GM-Accounts samskruti builders pvt ltd  05 08 2009 10:06:26 +0000
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    I believe that the fraud and manupulation of site accounts cannot be controlled because  the material used in sites vary in price day by day. So they take advantage of this and start giving fake reports. This fraud leads to financial problem not only for the company but also to the economy.


By Anjali Bhatia, Construction-Heavy, Sobha Developers  | 09 24 2009 08:51:01 +0000
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It will be incorrect to state that frauds & manupulations can not be totally controlled at site. If the systems of the organization hav been set with proper check and balance things, then many of the frauds can be contolled.  
By Anish Goyal, Corporate Treasury & Finance, Indorama Ventures Public Company Limited  | 09 23 2009 14:54:04 +0000
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Manipulations are two type. One is intensional manipulation for misappropriation. Such manipulation & fraud can be totally controllable if proper system is placed & project leader has the clear intention. On the other hand while reconcillating it is always difficult to book indirect costs. In such cases some manipulation is done arbitrarily proportionating the indirect cost in to heads of accounts. However more accurate reconcillation less would be the manipulation.

 
By Biranchi Narayan Acharya, Chief Manager (Projects), Simplex Infrastructures Ltd  | 10 13 2009 12:51:11 +0000
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It can be controlled once proper systems are put in placed and are properly monitored.


By Devi Kaladeen, Audit Manager, Health Sector Development Unit  | 09 28 2009 16:31:36 +0000
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It can be controlled if the system is in place.Where there is no system then there is temptation and mismanagement.Prices dont vary day to day. for builders and contractors we should go in for term price with suppliers,also procurement should be centralised.

It depends on the management. if the top management indulges in manipulation, then they allow junior levels to manipulate to a certain extent to keep all happy. This is the start of fraud.

All said if there is a system with controlled budget cost and qty and proper reconciliation weekly I dont see how fraud can take place.
By Charles davison, Project Manager, Douglas OHI LLC  | 09 27 2009 16:46:08 +0000
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Anilkumar says Site accounts can be controlled by proper supervision and checking at Head office
By Anilkumar Goel, Internal Auditor and Accounting  | 09 23 2009 09:27:08 +0000
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no
By Deepika Ahuja, ADVOCATE  | 09 22 2009 14:11:13 +0000
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I support Suraj completely.It all depends on the level of authority that company has given to their site engineers........company needs to make sure that whateverexpenses have occured in the materials or any other thing should be clearly specified by the site engineers.....Only when companies will make those site engineers realize that they are being watched over and they are accountable for the work they do & all the expenses that are ocuuring at the site,will make sure that no fraud can happen and transparency is maintained.
By Samir Das, Tech Architect, Infosys  | 05 07 2009 05:49:55 +0000
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You can controll it by  rpoper management & periodicaly audit system.
By Naimish , Construction-Heavy, Gourav Engineers  | 03 10 2009 13:47:43 +0000
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This will happen only if the system is driven by people and not processes. Once you define the process of measurements and bill submissions, site engineers will be forced to adhere to the same and problems can be reduced.
By Shaju George, Facilities/Construction Manager, IBS Software Services (P) Ltd  | 03 10 2009 13:11:18 +0000
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By proper auditing of expensivbe of site it will be control
By RAJIV KUMAR, Project Engineer, PARSVNATH DEVELOPERS LTD.  | 03 10 2009 10:39:34 +0000
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It is based on up to what level of Ownership Company & Management have given to Site Engs & In what Comfort level You have Provided to them.Again If Heigher level are taking Advantage in any other manner Ie Allotment Of Work.These Could be Managed by A good Paid Honest Project Manager.And If trivial Amount of Rs 5oo To Rs1000.Comes to our Notice we should Not react if he is Dedicate & Giving Good Results & Working two or Three Times More What he have to Do
By Suraj Sinha, Propritor, SRS Structure  | 03 10 2009 10:18:15 +0000
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