subject
Business, 12.03.2021 15:30 caydennnnn5764

In Herris Casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was able to change the names of vendors in the computer system to his name. He would first create false invoices for actual vendors. He next logged into the computer system and changed the name of the vendor to his own. He would then create a check for the false invoice. After the check was printed, he would he change name in the system back to the appropriate vendor. The check register would show only the name of the vendor not who the check was made out to. The fraudulent employee had authorization to sign checks under $1,000. By writing small checks, he was able to defraud the company of $100,000. This fraud was caught by accident. An employee of another department was looking through the vendor list on her computer after the fraudulent employee had changed the vendor name to his name. A few entries later, the vendor name changed again. She wondered how this could occur and asked her supervisor. Soon after, the employee committing the fraud was caught. What type of fraud(s) is/are being committed (Be Specific)? What procedures could have been implemented to prevent this fraud? What procedures could have been used to detect this fraud?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 1
question
Business, 22.06.2019 18:30
Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
Answers: 2
question
Business, 22.06.2019 19:30
At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation
Answers: 1
question
Business, 22.06.2019 20:30
What talent or skill do u wish too develop for yourself
Answers: 1
You know the right answer?
In Herris Casino, an employee discovered a flaw in the accounting system. The accounts payable clerk...
Questions
question
Mathematics, 11.04.2021 16:50
question
Mathematics, 11.04.2021 16:50
question
History, 11.04.2021 16:50
question
English, 11.04.2021 16:50
question
Business, 11.04.2021 16:50
question
Geography, 11.04.2021 16:50
question
English, 11.04.2021 16:50