Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Question
Chapter 12, Problem 6SC
To determine
The revenue-related fraud symptoms and list the fraud schemes in the given case.
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Consider the scenario in which Brooke Miles, an accounts payable clerk for West Coast Design Inc., misappropriated $48,350 by paying false bills for commodities that were never delivered to the company. It was the clerk's responsibility to open accounts in the names of the phony corporations and pay the cheques at a nearby bank. Describe a fraud-prevention or detection method that may have been used to avoid or identify the scam.
WorldCom committed the largest fraud in U.S. history. What was the primary method WorldCom’s management used to carry out the fraud?
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Chapter 12 Solutions
Fraud Examination
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