Question: Johnsons Real Estate is a major case investigation. Rea Johnsons Real Estate is a major case investigation. Readers will complete one major case investigation (MCI) throughout this text; at the end of each chapter, relevant case evidence will be provided through the instructor and an assignment related to the case investigation will be described. Across the chapters of this text, assuming that one completes each chapter's assignment, the reader will complete the entire case investigation. Alternatively stated, a major case investigation and its relevant evidence has been broken into pieces and each piece or several pieces are examined at the end of each chapter; by the end of the text, the investigation will have been completed and a report written. The purpose of the major case investigation is to provide the reader with experience in performing basic investigative tasks and analysis. The project will involve analyzing real-world, but simulated, case information, including business records to determine if fraud or a financial crime has occurred, and if so, who did it, what was done, how, when (during what date/time period), and where (e.g., what locations or organizations were involved). Students follow investigative processes used in real cases by conducting analytical reviews, soliciting information from clients, and reporting suspicious activity for a fictitious client company Chapter 1 MCI Introduction-Johnsons Real Estate James Johnson is the broker and owner of Johnson Real Estate, a real estate sales organization in Morgantown, West Virginia. Normally, Johnson hires a local accounting firm on an annual basis to audit the organization's financial records. With the business in a state of rapid growth, Johnson has been preoccupied and has forgone the audit for the last three years. Instead, his wife, Ashley Johnson, has exercised her somewhat rusty college accounting skills to pull the data needed for tax professionals to prepare the tax returns. In prior year, Ms. Johnson observed no issues with the records. During the current year's annual reconciliation of accounts, Ashley discovered discrepancies between the commission receipts from real estate closing records and the actual bank deposits. Ashley also noted that despite assurances from her husband that business has been good, the checking account balance has continued to decline and the company's bank account fell into the red (a negative number) in December, and the company bounced a few checks during the month. Ashley also noted some unusual expenditures (seemingly nonbusiness-related expenses) in the company accounts that she was not aware of such expenditures were not observed in prior years. Ashley Johnson promptly but quietly filed a report with the local prosecutor, a long-time family friend and recuested a thorough investication As a result the nocecutor's office has contractor a rocional ere to search O Question: Johnsons Real Estate is a major case investigation. Rea Johnsons Real Estate is a major case investigation. Readers will complete one major case investigation (MCI) throughout this text; at the end of each chapter, relevant case evidence will be provided through the instructor and an assignment related to the case investigation will be described. Across the chapters of this text, assuming that one completes each chapter's assignment, the reader will complete the entire case investigation. Alternatively stated, a major case investigation and its relevant evidence has been broken into pieces and each piece or several pieces are examined at the end of each chapter; by the end of the text, the investigation will have been completed and a report written. The purpose of the major case investigation is to provide the reader with experience in performing basic investigative tasks and analysis. The project will involve analyzing real-world, but simulated, case information, including business records to determine if fraud or a financial crime has occurred, and if so, who did it, what was done, how, when (during what date/time period), and where (e.g., what locations or organizations were involved). Students follow investigative processes used in real cases by conducting analytical reviews, soliciting information from clients, and reporting suspicious activity for a fictitious client company Chapter 1 MCI Introduction-Johnsons Real Estate James Johnson is the broker and owner of Johnson Real Estate, a real estate sales organization in Morgantown, West Virginia. Normally, Johnson hires a local accounting firm on an annual basis to audit the organization's financial records. With the business in a state of rapid growth, Johnson has been preoccupied and has forgone the audit for the last three years. Instead, his wife, Ashley Johnson, has exercised her somewhat rusty college accounting skills to pull the data needed for tax professionals to prepare the tax returns. In prior year, Ms. Johnson observed no issues with the records. During the current year's annual reconciliation of accounts, Ashley discovered discrepancies between the commission receipts from real estate closing records and the actual bank deposits. Ashley also noted that despite assurances from her husband that business has been good, the checking account balance has continued to decline and the company's bank account fell into the red (a negative number) in December, and the company bounced a few checks during the month. Ashley also noted some unusual expenditures (seemingly nonbusiness-related expenses) in the company accounts that she was not aware of such expenditures were not observed in prior years. Ashley Johnson promptly but quietly filed a report with the local prosecutor, a long-time family friend and recuested a thorough investication As a result the nocecutor's office has contractor a rocional ere to search O
