Fraud, waste and abuse are all similar with one major difference: CRITERIA! Fraud is the only reportable condition as the other two are subjective and not based in criteria.
Criteria
8 Key Parts of Your Audit Report
Always make sure you have these 8 key parts of your audit report to present the most comprehensive and accurate information as possible.
Question Your Audit Evidence
Since auditors always need to back up their audit evidence, always ask these five questions to make sure it’s good!
Criteria: The Center of Your Audit
Although it’s just one of the elements of a finding, criteria is the center of your audit. Use this graphic as a guide for valid criteria.
The Difference Between Fraud, Waste and Abuse
The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
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