Question
A. Please read the following situation statement and answer the questions that follow: While traveling on business with a co-worker, you spend quite a few
A. Please read the following situation statement and answer the questions that follow:
While traveling on business with a co-worker, you spend quite a few evenings having dinner and cocktails with your co-workers extended family that lives in town. After each of these meals your co-worker charges the entire meal to his corporate credit card, which he then submits as a business expense as part of his travel expense report. As these meals were not overly extravagant, the total value is small enough to get lost in the overall expense report, thus considered to be insignificant from the perspective of your co-worker.
- - Would the inclusion of these meals on his corporate expense report be considered fraudulent?
- - Does the low dollar value of these transactions impact your opinion?
- - If you consider this activity potentially fraudulent, do you have a responsibility to report the activity? If so, to whom?
- - If you confronted your co-worker and his response was, You are correct, that was a mistake on my part. I did not realize that I was improperly handling these expenses. I will be sure to pay them with my own personal funds once the bill is received, would you take further action and report the incident or consider it settled based on the conversation?
B. Please answer each of the following questions in paragraph form providing examples and support from the chapter readings and other sources:
- - What is the difference between fraud and error?
- - Is there evidence to support the notion that instances of fraud have increased at a rapid rate? Provide insight into the driver(s) of this issue.
- - Please provide the description and at least one example of each type of fraud:
- -- Employee embezzlement
- -- Management fraud
- -- Investment scam
- -- Vendor fraud
- -- Customer fraud
- -- Miscellaneous fraud
Deliverable: Please submit a three- to five-page Word document that adheres to APA requirements.This paper should specifically address each of the questions above and provide support for your position where required. Please provide at least two external citations to support your position.
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