Standard Costing Variances: Potential Red Flags of Fraud?Cost Management
AbstractThis article focuses on how standard cost variances can be used in detecting potential fraudulent activities. Each primary type of variance (material, labor, and overhead) is addressed with a discussion of possible inappropriate causal factors. Additionally, internal controls, graphic techniques, and other methods that can be implemented to combat fraud are provided.
Document VersionPublished Version
CopyrightCopyright © 2013, Cost Management/Thomson Reuters
PublisherCost Management/Thomson Reuters
Citation InformationCecily A. Raiborn, Janet B. Butler and Lucian Zelazny. "Standard Costing Variances: Potential Red Flags of Fraud?" Cost Management Vol. 27 Iss. 3 (2013)
Available at: http://works.bepress.com/lucian_zelazny/3/