The Re- Engineering Of Fraud in the Hospitality Industry A Practical Guide with Focus on the Maintenance Department

The Re-Engineering of Fraud in the Hospitality Industry  

A Practical Professional Guide with Focus on the Maintenance Department  

Expanded Professional Edition

In an industry where occupational fraud claims an estimated 5% of annual revenue — with maintenance and procurement functions recording median losses of $143,000–$150,000 per case (ACFE Occupational Fraud 2024) — this comprehensive digital guide delivers a radical, Cambridge-aligned solution.  

Authored by Molade Abiodun a veteran auditor, banker, COO, CFO, CIO, CEO and Lead Risk Consultant , to global standards (COSO Internal Control Framework, ISO 31000:2018 Risk Management, ISO 37001:2016 Anti-Bribery), the expanded Volume 2.0 re-engineers fraud vulnerabilities through Michael Hammer and James Champy’s Business Process Re-Engineering (BPR) methodology. It provides an in-depth analysis of maintenance-specific risks — inflated invoices, kickbacks, bid rigging, phantom vendors, inventory theft, and procurement collusion — followed by step-by-step redesign of core processes including work orders, vendor selection, invoice matching, inventory control, and contractor performance.

Featuring detailed implementation roadmaps, AI-enabled technology integration, real-world case studies, risk matrices, KPIs, and ready-to-use checklists and templates, this guide equips hotel owners, general managers, facilities directors, procurement leads, and internal auditors with actionable strategies to achieve 40–70% fraud reduction, 25–50% efficiency gains, and full regulatory compliance while enhancing guest satisfaction and operational resilience.

A must-have strategic resource for hospitality organizations worldwide committed to integrity, cost control, and sustainable excellence.

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