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KC Bicycle Shop works with many companies to buy bicycle parts. Each month, Joe manages invoice payments for all vendors. One day, Joe decided to

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KC Bicycle Shop works with many companies to buy bicycle parts. Each month, Joe manages invoice payments for all vendors. One day, Joe decided to try and gain some extra cash. He decided that when he would write checks to the vendor, he would also write a separate check to himself and code the charge to the vendor. For example, KC Bicycle Shop owed Speedy Delivery $500. Joe wrote the check to Speedy Delivery as $500 and wrote a separate check to himself for $100 and coded it in the accounting system as "Speedy Delivery". Joe continued this process for five years, stealing $300,000 in cash. Fraud was only discovered when Joe fell very ill for a few weeks and a temporary accounting employee discovered it. 1. What went wrong in the organization's structure that allowed the issue to occur? 2. What is your recommendation(s) that the organization can follow to prevent this activity occurring again

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