Read the case of Kay Lemon in Enemies Within. For this case, answer the following questions:

• What were the red flags?
• How could this fraud have been prevented?
• What internal controls should have been in place and working?
• Relate the Fraud Triangle to this case.
• What form of larceny was committed?
• What method was used to conceal the larceny? Explain your reasoning.

Write a paper answering these questions. Be as detailed as possible.

http://www.journalofaccountancy.com/issues/2001/dec/enemieswithin.html