Mr Peter is working as a Purchases Journal clerk in a small firm located on the Gold Coast. David is his friend, who works as an Accounts Payable Ledger clerk in the same firm. Peter periodically enters fictitious acquisitions. After creating a fictitious purchase, Peter notifies his Accounts Payable Ledger clerk. David enters these transactions in his ledger. When the payables are processed, the payment is mailed to the non-existent supplier's address, a post office box rented by Peter. He deposits the cheque in an account he opened in the non- existent supplier's name.

In the Week 11 tutorial, we discussed the different procedures that can be followed to uncover the fraudulent behaviour of employees.

1. a) Discuss two (2) procedures that can be applied to find Mr Peter's fraud. [4 marks]

2. b) Discuss indicators of personal fraud that can reveal the possibility of such fraud.

[3 marks] please write up to 250. no plagiarism please