Question
Frank James a highly competent employee of Brinkwater sales Corporation had been responsible for accounting related matters for 2 decades. His devotion to the firm
Frank James a highly competent employee of Brinkwater sales Corporation had been responsible for accounting related matters for 2 decades. His devotion to the firm and his duties had always been exceptional, an over the years, he had been given increased responsibility. Both the president of Brinkwater and a partner of independence CPA firm in charge of the audit were shocked and dismayed to discover that James had embezzled more than 500,000 over a 10-year period by not recording billions in sales Journal and subsequently diverting the cash receipts. What major factors permitted the embezzlement to take place?
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