For this weeks assignment, begin by reviewing the Brief Cases found in the Weekly Resources and Assignments.

Assume the following facts:

• The company invoices customers for sales with an expected thirty-day collection period.
• The invoice is used to post-sales to the accounting system.
• Checks are received in the mailroom and logged into a deposits journal.
• The deposit is prepared and taken to the bank.
• The deposit slip is used as an original document to record cash in the accounting system.
• A copy of the deposits journal from the mailroom is used to credit customers for their payments.
• Assume that there are three general ledger accounts: cash, accounts receivable, and revenue.

Instructions: The companys owner reached out to you last month and requested a paid consultation regarding a plan to prevent and deter suspected theft. Given the facts above, present a preferred plan of action. Include brief explanations of at least 2 concepts that might apply to the scenario.

After you explain the plan to the owner, he presents you with an alternative that would include hiring one mailroom/office employee, one accounting clerk, and one accounting supervisor (assume no controller, no internal audit, and an annual review and tax compliancenot an annual audit). Redesign an approach to create a robust skimming prevention environment.

Include a graphic to depict these activities and their impact on the general ledger accounts. Include the necessary personnel and at least ten fraud prevention and deterrence tools and techniques to PREVENT a skimming scheme, assuming no collusion or management override. Post the personnel and those tools and techniques on the graphic.