You have started work as the internal auditor for a medium-sized business in Edinburgh. The Managing Director has told you that he has concerns about supplier payments. He is worried that there may be a fraud going on as expenditure in certain areas has risen for no clear reason. He suspects that payments are being made to fictitious suppliers and / or for fictitious goods

Draft a report for the manager outlining and explaining key controls which should be in place to prevent or detect such a fraud