In Casino Las Vegas, the accounts payable clerk Mr. Alexi Lalas discovered a flaw in the accounting system (accounting software used for general ledger), the accounts payable clerk discovered that he was able to change the names, address and phone numbers of the Casinos vendors in the computer system to his name or to any other name, there were no evident access controls to the suppliers ( vendors) master file. He would create false invoices and then create a check for the same false invoice. The name on the check would be changed to the name of the employee or any other beneficiary not related to the transaction. After the check was printed, the name in the system could then be changed back to the appropriate vendor. The check register (listing that usually shows listing of checks by date, name and amount) is used by other employees in other departments for many reasons. The fraudulent employee had authorization to sign checks under $1,000. By writing small checks over a period of time, he was able to defraud the company for more than $100,000 over the years of his employment. This fraud was caught by accident. An employee of another department was looking through the vendor list and the check register on her computer after the fraudulent employee had changed the vendor name to his name. A few entries later, the vendor name changed again to the true name of the vendor. She wondered how this could occur and asked her supervisor for an explanation. Soon after, the companys management hired an independent fraud investigator, after further investigation and inquiries, the fraudulent employee was caught and an admission was received to proceed with the next stage. Check Register Image Inspect the check register and list your notifications with your professional findings and analysis What kind of fraud being committed in this case?, explain how such scheme is possible How could this fraud have been prevented? What actions should be taken against the fraudster(s) and why?