CASE STUDY TO DISCUSS:

John MacIntosh, a payment clerk for Deep Water, creates a company called ABC Enterprises. ABC Enterprises then proceeds to issue invoices to Deep Water, where John is responsible for approving and paying them. Several invoices, valued at several thousand dollars, are processed and paid by Deep Water, with the money going to MacIntosh.

What control plans can a company put in place to detect and control for this type of event?