Spencer Moore served as Executive Director of Downtown Flint, an organization created to revitalize Flint, Michigan. Over

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Spencer Moore served as Executive Director of Downtown Flint, an organization created to revitalize Flint, Michigan. Over the course of 13 years Moore embezzled $352,000. How did Moore do it? By depositing subscriber cash receipts in his own bank account, writing Downtown Flint checks to himself, and creating phony entities that Downtown Flint wrote checks to. Downtown Flint was led by a board of directors comprised of civic leaders. Moore's embezzlement went undetected until Downtown Flint couldn't pay its bills. Give at least 3 ways Moore's embezzlement could have been prevented.
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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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