What could have prevented the fraud

Reference no: EM131957515

Case Study - The Trusted Employee

Mike McEnroe owns a small telecommunications company in Austin, TX. Faith Hilton has been an employee in Mike's company since he started it 19 years ago, and she is currently the accountant/administrative assistant. She has been an exceptional employee who works long hours.

Recently, she was involved in an automobile accident and was hospitalized. While she was out, Mike had to perform some of Faith's duties, which included opening mail, paying bills, and record keeping. In opening the mail from the bank, Mike was surprised to find three large canceled checks made out to Faith for: $15,000, $16,200, and $11,800.

Mike was surprised because he never signed blank checks, he didn't have a check-writing or -signing machine, and the signatures on those three canceled checks were his. In other words, the signatures were not forged. Mike has requested your services to investigate the extent of the fraud.

Write a 3-4 -page paper in MS Word ,responding to the following questions:

1. What elements of the fraud triangle showed up in this case? Identify and explain these elements.

2. What could have prevented the fraud?

3. How would you go about investigating this fraud?

Calculations are not required for this assignment, but may be included in a table within your paper to support your answers. APA format, 3 refencences, nclude introduction and conclusion.

Reference no: EM131957515

Questions Cloud

Describe the type of inhibition : Please describe the type of inhibition provided by this inhibitor and your reasoning for your determination.

Explain what you learned about disneyland : Explain what you learned about Disneyland as is relates to its corporate culture, individual cultures, and impact of both on their organizational effectiveness.

Difference between competitive vs non-competitive : Explain the difference between competitive vs. non-competitive, and reversible vs. irreversible inhibitors

Determine the kind of problem you are dealing with : State your problem as clearly and precisely as you can. Explain your analysis/answer in seven (7) or more sentences.

What could have prevented the fraud : What elements of the fraud triangle showed up in this case? Identify and explain these elements. What could have prevented the fraud?

How leadership skills can be developed : Discuss, based on your course material, how leadership skills can be developed. Reflect on the article in this regard. Support your answer with evidence

Write a paper synthesising organisational change theory : Organisational Change Project - Each student will write a paper synthesising organisational change theory and practice in the unit

Write a short newscast : Write an original headline for each story. Write no more than three sentences summarizing each story.

Create a spreadsheet to display information : Create a spreadsheet to display information relating to the usage by country, age group, or any other trend you locate.

User Account

All Pages