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A client heard through the hot line that Ashley, the purchases journal clerk, periodically enters fictitious acquisitions. After Ashley creates a fictitious purchase, he notifies
A client heard through the hot line that Ashley, the purchases journal clerk, periodically enters fictitious acquisitions. After Ashley creates a fictitious purchase, he notifies Mary, the accounts payable ledger clerk, so she can enter them in her ledger. When the payables are processed, the payment is mailed to the nonexistent suppliers address, a post office box rented by Ashley. Ashley collects and deposits the check in an account he opened in the nonexistent suppliers name.
(a) | Explain the following terms and how they relate to Ashley and the situation described above:- Fraud, fraud deterrence, fraud detection, and fraud investigation. |
(b) | Detail four personal fraud symptoms, or concerns, that indicate the possibility of Ashley commiting fraud. |
(c) | List two procedures you could implement to uncover Ashleys fraudulent behavior. |
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