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.

Questions for that topic

1/ Where is the division in the process?

2/ Who are the people of interest? The enablers? The detractors?

3/ Who are the responsible parties overseeing the business process * controls?

4/ What are the potential overlapping responsibilities that require a segrega- tion of duties with access to organizational value?

6/ What potential conflicts exist?

7/ What are the underlying assumptions?

8/ What skills are needed to employ or develop the fact-finding aspects of the case?

9/ What accounting principles and standards may have been violated?

10/ Have any laws been broken?

This is same topic but i added more questions, please help me( i try to understand them)