CFE Certified Fraud Examiner (#73)

A scheme is classified as a Conflict of interest:

when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
when a dealer must have some kind of dealership interest in the vendor submitting the stock.