Case 5-1 Loyalty and Fraud Reporting (a GVV case) Asume Et Lester and Vich Jensen we CPA Ethan was seen in a model employee who deserved a promotion to director of sconti scording to Kelly Fostermann, the CEO of Fostermann Corporation, a Maryland based largely privately held company that is a prominent plobal designer and marketer of stereophonestam. The company has an eleven person board of director Kelly considered than to be an honest employee based on performance reviews and his willingness to the promotion, stating that he was ready yet for the position. Kelly admired his willingness to learn and grow. not just puta promotion Little did the know that Ethan was committing $50,000 fraud during 2015 by en betaling cash from the compong. In fact, no one named to catch on because than able to override internal controls. However, the external auditors were coming in and to solidify the deception, needed the help of Viek Jensen, a close friend who was the conting manager and also reports to Ethan. Ethan could onder Vick to cover up the fraud but hoped he would do so out of friendship and loyalty Resides, Ethan knew Vick had committed his own fraud two years ago and covered it up by creating false journal enties for undocumented sales, returns transactions, and operating expenses Bas well to seeVick and explained his dilemma. He could seeVie's discomfort in hearing the new. Viek had thought he had turned the corner on being involved in fraud after he quietly pald back the $20,000 he had to two years. 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Who con Vick poto for support? A. the refer the meeting and decides to fee Vic. He tells Vick to level of Ethan will disclose the $20.000 frasi. What should Vick on Page 320 Case 5-1 Loyalty and Fraud Reporting (a GVV case) Am Ethan Letter and Vick Jensen w CPA Ethan was seen in a model employee who deserved a promotion to director of sccounting coording to Kelly Fostermann, the CEO of Per 19 Foutermann Corporation, a Maryland based largely privately held company that is a prominent global designer and marketer of stereophone system. The company has an eleven person board of director Xally considered than to be an honest employee based on performance reviews and his willingness to opt the promotion, stating that he was ready yet for the position. Kelly admired his willingness to learn and grow. not just expect a promotion. Little did she know that Ethan was committing $50,000 fraud during 2015 by en berling cash from the company. 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How night Vick's intended action affect the company and the external auditors? Who can Vick poto for support? Page 320 Antheter the meeting and decides to feel Hotels Vick to emulator Ethan will do the 520.000 frast. What should Vick done