Describe a control procedure that would have pretended

Assignment Help Financial Accounting

Reference no: EM13823970

Assume that Corey Jones, account payable clerk for Matthew Davidson Computers, stole $59,456 by paying fictitious invoices for goods that were never received. The clerk set up accounts in the manes of the fictitious companies and cashed the checks at a local bank. Describe a control procedure that would have pretended or detected the fraud.

Reference no: EM13823970

Questions Cloud

Effective salespeople are more than just order-takers : 1. Explain the meaning of the statement, "Effective salespeople are more than just order-takers." Your essay response must be a minimum of 200 words in length, not counting references listed at the end or repeating of the question. All sources used, ..

Differential analysis involving opportunity costs : Differential analysis involving opportunity costs On August 1, Matrix Stores Inc. is considering leasing a building and purchasing the necessary equipment to operate a retail store. Alternatively, the company could use the funds to invest in $150,000..

Why should we study travel and tourism from a marketing : Why should we study travel and tourism from a marketing approach? Explain why the marketing approach is the best or least important approach? Your response should be a minimum of 200 words in length. You are required to use at least your textbook as ..

Using a five –week moving average : a) Prepare a forecast through week 11 by using a five –week moving average b) Prepare a forecast through week 11 by using a 3-period weighted moving average, giving the weight of 0.5 to the most recent week, 0.3 to the second week and 0.2 to the thir..

Describe a control procedure that would have pretended : Assume that Corey Jones, account payable clerk for Matthew Davidson Computers, stole $59,456 by paying fictitious invoices for goods that were never received. The clerk set up accounts in the manes of the fictitious companies and cashed the checks at..

Operating leverage analysis-determine how much profits : Using an operating leverage analysis, determine how much profits would increase for each company if each experienced a 10% increase in sales.

Tell us about the organization : Based on content requirements of your project 4, post a brief (4-5 slides) PowerPoint presentation describing your project 4. Tell us about the organization (maintaining confidentiality), the focal problem you are investigating, causes of the proble..

Percentage completion on profit-weighted average method : Understanding the impact of percentage completion on profit - weighted average method. Gary stevens and mary james are production managers in the consumer electronics division of GE company, which has dozens of plants throughout the world. What perce..

A separate e-mail for review and approval. : Prepare not more than 10 interview questions and send to me via a separate e-mail for review and approval. Please send to me your draft interview questions at the first week of the period prior to starting your actual interviews. The output of this p..

User Account

All Pages