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Ona Scott became Controller for Madon Oilfield Services, Inc. in October 2012. During her first six months with the company, she observed the company's rapid

Ona Scott became Controller for Madon Oilfield Services, Inc. in October 2012. During her first six months with the company, she observed the company's rapid growth; however, its control environment has not evolved, and there is a lack of segregation of duties and oversight in several areas. Because of her observations and concerns, Ona hired a firm to perform a risk assessment of the company's control structure, and they uncovered and confirmed several control weaknesses as Ona had suspected. In addition to the risk assessment report, the CEO, Bernie Madon, has received customer complaints regarding some recent invoices. Ona has hired your team to conduct a forensic investigation based on her observations, risk assessment, and customer complaints. The key areas of your investigation should include a detailed analysis of sales transactions, payroll transactions, and accounts payable transactions. Additional information gathered by management to help prepare for your detailed investigation can be found in the textbook (Chapter 17). Deliverables: The next step, and the heart of the project, is to produce a report for Ms. Scott. Your report should include the following: 1. Background of the engagement 2. Your curriculum vitae 3. Executive Summary (no more than two pages) 4. Scope

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