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The Perfect Crime? Consider the following story of an actual embezzlement This was the ingenious embezzler's scheme: (a) He hired a print shop to prin

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The Perfect Crime? Consider the following story of an actual embezzlement This was the ingenious embezzler's scheme: (a) He hired a print shop to prin nt a private stock of Ajax Company checks in the company's numerical sequence. (b) job as an accounts payable clerk at Ajax, he intercepted legitimate checks written by the accounts payable department and signed by the Alax treasurer and destroyed them. (c) He substituted the same numbered check from the private stock, payable to himself in the same amount as the legitirmate check, and he "signed" it with a rubber stamp that looked enough like the Ajax Company treasurers signature to fool the paying bank. (d) He deposited the money in his own bank account. The bank statement reconciler (a different person) was able to agree the check numbers and amounts listed in the cleared inerms in the bank statement to the recorded cash disbursement (check number and amount) and thus did not notice the embezzler's scheme. The embezzner was able to process the vendor's "past due" notice and the next month's statement with complete documentation, enabling the Ajax treasurer to sign another check the next month paying both the past due balance and current charges. The embezzler was careful to scatter the double-expense payments among numerous accounts (telephone, office supplies, inventory, etc.) so the double-paid expenses did not distort any accounts very much. As time passed, the embezzler was able to recommend budget amounts that allowed a large enough budget so his double-paid expenses in various categories did not often pop up as large vanances from the budget. Required List and explain the ways and means you believe someone might detect the embezzlement. Think first about the ordinary eyeryday control activities. Then think about extensive detection efforts assuming a tip or indication of a possible fraud has been recelved. Is this a perfect crime

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