Topic: You are the owner of Trust Us Inc. Betty Favor, one of the organization's most trusted employees, has worked there for 15 years. She socializes with you on a regular basis. Recently, you hired a young new accountant who just graduated from college with honors in accounting. This new employee, John Asset, tells Betty that the bank statement does not reflect the same bank balance as the bank reconciliation that he just prepared.' Previously, Betty had taken care of all banking matters and prepared the bank reconciliations. Betty comes into your office and says it appears that John does not know what he is doing because there are errors on the bank reconciliation. She states that she redid the bank reconciliation to fix the error.

7/ What is the process in the mystery?

8/ What accounts have the potential to be circumvented?

9/ What are the policies of the organization? Where are the distractions in the process?