Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What internal controls might have prevented a Sea World guest relations supervisor from voiding tickets and pocketing more than $116,000? A guest relations supervisor at

What internal controls might have prevented a Sea World guest relations supervisor from voiding tickets and pocketing more than $116,000?

A guest relations supervisor at SeaWorld'sAquaticawaterpark in Orlando, Lisa Olivardia, would void ticket sales and put the cash in white envelopes that she then put in her pocket. Investigators estimate that she stole between $55,000 and $75,000 each year from 2013 - 2015. Her voided transactions were about triple the rate of her co-workers. Olivardia was eventually caught in November 2015 after a company investigator saw her making the voids on surveillance video. She was fired by SeaWorld at that time.

Investigators also allege that she stole cash from her co-workers' cash drawers when they were on breaks.

Olivardia, 50, had worked for SeaWorld for almost 30 years. She was arrested on May 14, 2016, and charged with grand theft and scheme to defraud. Olivardia is free on $105,000 bond.

Questions

  1. What internal controls might have prevented this theft?
  2. Why might Sea World have not had these controls in place?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Cost Accounting

Authors: William Lanen, Shannon Anderson

2nd Edition

0071332618, 978-0071332613

More Books

Students also viewed these Accounting questions

Question

4. What means will you use to achieve these values?

Answered: 1 week ago