This presentation is about employee's embezzlement for accounting course. I attach an instruction for project and powerpoint file. Could you give me some advice to improve this presentation?

(1) Does it make sense clearly?

(2) Is the flow of presentation smooth? If not, where does it have problems?

(3) Is there anything to need to be fixed?

(4) Does this presentation fulfill the instruction required?

Some are ESL students, so it may be confusing due to grammar errors.

Project Information Spring 2016 This is a class project to be completed and presented by teams only. No substitute individual project will be allowed. This project is worth a total of 80 points for each student. You will apply the learning objectives of Chapter 7: Fraud, Internal Control, and Cash to an actual case and present your group findings and recommendations in class for the project. INSTRUCTIONS Requirement: Your team is to select a small business or non-profit entity that incurred financial loss from employee theft or embezzlement (of company funds or other financial resources) that resulted in the arrest, indictment, or conviction of the employee. 1. Conduct an internet search to locate the potential news article or story within the last 24 months of the due date of this Project for leads. This is not about a company defrauding its customers (company fraud). The story must be about theft or embezzlement by the employee from the employercompany (employee fraud). Anything else, you will get -0- points. Use these key words in your search to generate as many leads: employee embezzled / embezzlement, misappropriated / misappropriation, theft of company funds / cash in Hawaii, etc. Evaluate your leads thoroughly and determine whether your selection has sufficient detail - how the employee committed the fraudulent acts and what happened to the victim company - for your team to develop into an informative presentation as required in instruction 2. Selection is on the first-available basis due to limited cases. Present the news article or the related summary for preapproval by me before commencing any work. 2. Present your team project live in class in 10 to 12 minutes using PowerPoint or the equivalent visual aids. No pre-recorded presentation will be allowed. Team members shall take turn speaking and presenting for at least one and a half minutes each. Time penalty is 1 point per minute per team member for going over or under. For the live team presentation, Provide a summary of the case about who, what, when, where, why, and how. Be specific about how the employee was able to cover up his or her acts. You must start over if you are not able to. Explain the internal control principles (in Chapter 7) violated. Suggest specific and feasible steps that the company could have taken to prevent similar employee embezzlement in the future. a. Recommendations should address the size of the company and the costs of implementing those steps. b. In general, assume the small business cannot afford to hire additional employee and must make use of available employees. Dress professionally. 3. The total points that you may earn for the project shall be based on the team performance as a whole and your project contribution as a team member individually. You will therefore be evaluated by your team members for the quality of your contribution to the project. Page | 1 Project Information Page | 2 Spring 2016 1 3/31/16 ACC201 Project Florida Fire Captain Pleads Guilty to Embezzling Nearly $400,000 from Abandoned Children Non-Profit 2 3/31/16 Who? Alfred Schaffer Fire captain in Tampa What? embezzled about $200,000 according to a evidence in court by Federal prosecutors. He may embezzle $373,810 When? More than 17 years Where? Hope Children's Home Why? Not sure since his salary is not low 3 3/31/16 How he covered up his embezzlement... 4 3/31/16 5 He had the authority to write out the checks to himself. He was able to do this because he had a stamp with the signature of a board member. He transferred the money directly from the Hope Children's account into his own personal account. 3/31/16 Internal control principles violated Segregation of Duties Independent 6 Internal Verification 3/31/16 7 Segregation of Duties Alfred Schaffer was the treasurer of the non-profit He should not have had the authority to write out the checks himself Someone else should have had the responsibility Segregation of duties could have prevented all of this or at least minimized the amount of money stolen 3/31/16 Independent Internal Verification Another staff member should have verified the checks written by Alfred Could have matched up the money being used and the incoming money from donations as well as other means of income 8 Having another individual regularly or sporadically checking Alfred's work could have prevented the embezzlement of the alleged $373,810 3/31/16 Separation of Accountants and Treasurers 9 Treasurers Responsible for handling all money to be received and paid Accountants Responsible for recording all transactions 3/31/16 10 Separation of four sections 1. Write a check 2. Confirm the contents of the check (Amount of money, Date, or purpose etc...) 3. 4. . . Check-cashing Record transaction Get someone's signature during each section Make out a receipt at the time when receiving donations 3/31/16 The keyword for embezzlement of non-profit organizations 11 Financial Transparency 3/31/16 Characteristic of non-profit charitable religious organization 12 3/31/16 Characteristic of non-profit charitable religious organization 13 3/31/16 14 The importance of transparency 1. Internal audits 2. External audits --Examine internal control structure --Review bank and payroll reconciliation --Review cash receipts and cash disbursements transactions 3/31/16 References 15 https://photographyisnotacrime.com/2015/12/04/florida-fire-captain-pleads-guilty-embezzling-nearly-200000-abandoned-children-non-profit/ http://www.dailymail.co.ukews/article-3343499/Florida-fire-rescue-chief-earning-93-000-year-admits-stealing-187-000-father-s-orphan-cha rity-struggled-make-ends-meet.html#ixzz42YXPzzsW http://legacy.wtsp.com/storyews/investigations/2015/05/20/tampa-fire-department-hope-childrens-home-10-investigates-al-schaffer/2765446 3/ http://www.hopechildrenshome.org/ http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=8082#.VuJ4S_krLIU http://www.tampabay.com/faccca/group-homes/hope-childrens-home http://www.tampabay.comews/publicsafety/crime/tampa-fire-rescue-captain-admits-to-stealing-tens-of-thousands-from/2256074 http://www.tbo.comews/crime/hope-childrens-home-survives-dark-times-20151205/ 3/31/16 Images used 16 Slide4 [Hope Children's Home] [A document] http://legacy.wtsp.com/storyews/investigations/2015/05/20/tampa-fire-department-hope-childrens-home-10-investigates-al-schaffer/27654463/ Slide 12 [Tax information for 2010] http://www.tampabay.com/faccca/group-homes/hope-childrens-home [Donation] http:/pengage.comonprofit-fundraising/how-much-money-raised-through-online-giving/ Slide 13 [Annual report] http://www.dreamstime.com/stock-photo-annual-report-words-chart-financial-statement-written-man-marker-to-illustrate-summarizing-results-such-as-profits-image38910920 [Gain] http://www.shutterstock.com/pic-51950611/stock-photo-gain-and-profit-with-gold-dimes-icon-symbol-illustration.html [Shareholder power] http://www.presbyteriandivestment.org/2015/06/11/understanding-shareholder-activism/ [Hands] www.ccfedmonds.org Slide 14 [Examining] http://www.dhc-vision.com/en/produkte/internal-audit-manager/ 3/31/16