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Al-Around Sound Co. discovered a fraud whereby one of its front office administrative empi vecs used company and to purchase goods, such as computers, digital
Al-Around Sound Co. discovered a fraud whereby one of its front office administrative empi vecs used company and to purchase goods, such as computers, digital cameras and other electronic items for her own use. The fraud was discovered when wees noticed an increase in delivery frequency from vendors and the use of unusual vendors. After some investigation, it was discovered that the uld alter the description or change the quantity on an invoice in order to explain the cost on the bill. Answer the following True or False Questions about the company's internal controls. These will assist nur in de m ine the we Purchases should be initiated by a requisition document. BS True EES An accounts payable dark should match the requisition purchase order, and The invoice should have been delivered directly to the accounts payable derk
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