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2. Fraud prevention and deterrence in action Assume the following facts: a. The company invoices customers for sales with an expected thirty-day collection period. b.

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2. Fraud prevention and deterrence in action Assume the following facts: a. The company invoices customers for sales with an expected thirty-day collection period. b. The invoice is used to post sales to the accounting system. c. Checks are received in the mailroom and logged into a deposits journal. d. The deposit is prepared and taken to the bank. e. The deposit slip is used as an original document to record cash in the accounting system. f. A copy of the deposits journal from the mailroom is used to credit customers for their payments. 8. Assume three general ledger accounts: cash, accounts receivable, and revenue. Instructions: Part 1 Draw a graphic to depict these activities and their impact on the general ledger accounts. Include the necessary personnel and at least ten fraud prevention and deterrence tools and techniques to PREVENT a skimming scheme, assuming no collusion or management override. Post the personnel and those tools and techniques on the graphic 2. Fraud prevention and deterrence in action Assume the following facts: a. The company invoices customers for sales with an expected thirty-day collection period. b. The invoice is used to post sales to the accounting system. c. Checks are received in the mailroom and logged into a deposits journal. d. The deposit is prepared and taken to the bank. e. The deposit slip is used as an original document to record cash in the accounting system. f. A copy of the deposits journal from the mailroom is used to credit customers for their payments. 8. Assume three general ledger accounts: cash, accounts receivable, and revenue. Instructions: Part 1 Draw a graphic to depict these activities and their impact on the general ledger accounts. Include the necessary personnel and at least ten fraud prevention and deterrence tools and techniques to PREVENT a skimming scheme, assuming no collusion or management override. Post the personnel and those tools and techniques on the graphic

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