Question
Last month, two employees were terminated for submitting fraudulent timesheets which were approved and paid through the accounting system. The leadership team expressed concern that
Last month, two employees were terminated for submitting fraudulent timesheets which were approved and paid through the accounting system. The leadership team expressed concern that this practice could be widespread. As a financial accounting manager at Waterbag Inc., you were assigned to a project to identify solutions to prevent recurrences.
Using the terms accounts payable fraud cases or payroll fraud cases, find a recent example or examples of cases involving accounts payable or payroll. Based on your research, what recommendations would you share with the leadership team to improve both departments? Explain your answer.
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