This document discusses fraud management and conflict of interest. It defines occupational fraud, who commits fraud, and what constitutes a conflict of interest. Conflict of interest can occur when personal interests influence professional judgment. Fraud perpetrators often look like normal citizens rather than criminals, and may have characteristics like being well-educated or religious. Managing conflicts of interest is an important part of fraud management. The document provides examples of procurement fraud and discusses how conflicts of interest can arise in situations like revolving doors between government and private companies.