An accountant with the Sports event s has been charged with stealing over $60,000 for buying a Mercedes-Benz and investing in a deposit check. Police claimed that he had produced fake invoices from two companies which had contracts with the sports committee. He then wrote checks to pay the fake invoices and deposited them into a bank account which he had opened under one of the companies 'names. He cooperated with the police when he was arrested to the point that he told them about the fraudulent bank account and the purchase of the Mercedes-Benz. The accountant was a recent honers graduate from a prestigious university who was a very trustworthy and dedicated employee, supervisors said.

1. What fraud scheme did the accountant use to execute his fraud? 2.. What controls could have prevented his fraud? 3. What controls could have detected his fraud?