Case 8-2 Heirloom Photo Plans I 1.Figure 8-3 shows the employees and external parties that deal with Heirloom. Explain how Heirloom could defraud the bank and how each internal and external party, except the bank, could defraud Heirloom. 2. What risk factor, unusual item, or abnormality would alert you to each fraud? 3. What control weaknesses make each fraud possible? 4.Recommend one or more controls to prevent or detect each means of committing fraud.