Recent high-profile fraud cases—including the Fort Sam Houston childcare embezzlement and other incidents within DoD Nonappropriated Fund (NAF) programs—highlight a critical vulnerability: oversight gaps. Working Capital Funds (WCF) face similar risks due to complex pricing models and high transaction volumes. This session will examine real-world fraud cases and dissect the control failures that allowed them to occur. Attendees will learn how to design and implement robust internal controls, apply continuous monitoring techniques, and strengthen oversight frameworks to prevent fraud and sustain audit readiness. The discussion will include practical strategies for risk assessment, segregation of duties, and leveraging data analytics for anomaly detection.