Identify the type of fraud scheme described describe five

Assignment Help Accounting Basics

Reference no: EM13585311

A teller at a savings and loan drive-through accepted a cash payment from customer #1 for an auto loan. The teller appeared to process the payment, but told the customer the printer was jammed and she can't print a receipt. The customer accepted the excuse and drove away. The teller pocketed the cash and wrote down customer #1's loan number and payment amount for future reconciling. A couple of days before customer

#1's monthly statement was printed, the teller recorded a cash payment from customer

#2 as if it were made by customer #1. The teller pocketed the difference between the two payments. The teller continued to steal and misapply customer payments for the next two years without detection. Identify the type of fraud scheme described. Describe five controls you would implement to address the fraud risk, and label each control as preventive or detective.

Reference no: EM13585311

Questions Cloud

Many students will use the sec 10-k report for a : using the internet access the sec 10-k annual report for a publically traded company of your choice. the company must

The molar or milli or micro molar concentration of : the molar or milli or micro molar concentration of adenosine when 3ul of the 0.4 control is dissolved in 3 ml of 1 m

Machinery is purchased on may 15 2009 for 50000 with a 5000 : machinery is purchased on may 15 2009 for 50000 with a 5000 salvage value and a five year life. the half year

Following activity 2-1 a 488 nf capacitor c is connected in : following activity 2-1 a 488 nf capacitor c is connected in series with a 543 ? reference resistor r0. see figure 8.4

Identify the type of fraud scheme described describe five : a teller at a savings and loan drive-through accepted a cash payment from customer 1 for an auto loan. the teller

Describe how that crime is measured who typically commits : types of crime access the most recent version of the ucr at httpwww.fbi.govucrucr.htmwrite a 1-2 page paper addressing

Determine the following a fixed overhead spending and : shumaker company manufactures a line of high-top basketball shoes. at the beginning of the year the following plans for

Suppose that in 2013 global launches an aggressive : suppose that in 2013 global launches an aggressive marketing campaign that boosts sales by 15. however their operating

You are a management analyst for xyz aircraft manufacturing : you are a management analyst for xyz aircraft manufacturing company. your company currently manufactures and sells four

User Account

All Pages