Case Study.When the managing director of Grifn Constructions goes on four weeks holiday each year in June {just before balance date} he signs several blank cheques for payment of' major bills during his absenceJackWilson, head bookkeeper, uses this to his advantage. Wilson makes out one of these cheques to himself for the amount of a large supplier's invoice, and since there is no purchases journal, he records the amount in the cash payments journal as a purchase to the supplier listed on the invoice. He does not cash the cheque until several weeks into the next nancial year to make sure the auditors do not get the opportunity to examine the presented cheque. When the MD returns,Wilson resubmits the invoice for payment and again records this in the cash payments journal; he marks the invoice paid and les it with all the other paid invoices. Wilson has been doing this for several years and considers it foolproof. h Should the auditors have uncovered this embezzlement