January 30, 2022

While making photocopies of some documents, you overheard two employees discussing their suspicions that an accounts receivable clerk is stealing money from the company.

Determination of What the Event is (Type 1 Type 2, Non-substantive, Lack of information to determine type or Clearly Less than Trivial)

Action to take and WHY, Supported by SPECIFIC PROCEDURES cited from CPA HANDBOOK

Proposed Journal Entry (where applicable) or indication no entry required and, where applicable, what the Proposed disclosure would be if Type II