Questions from Fraud Examination

Q: Karen, a friend of yours, recently started her own business

Karen, a friend of yours, recently started her own business, The Bike and Boulder Company (B&B). B&B specializes in the sales of mountain bikes and rockclimbing equipment. Karen is pulling the finishi...

Q: A controller of a small fruit-packing company in California stole

A controller of a small fruit-packing company in California stole $212,000 from the company. When asked why, he said, "Nobody at the company (especially the owners) ever talked to me. They treated me...

Q: Jorge recently graduated with his MBA from a prestigious Ivy League school

Jorge recently graduated with his MBA from a prestigious Ivy League school. Lacking extemal financial support, Jorge was forced to finance his MBA with a significant amount of student debt. Unfortunat...

Q: MegaGlobular is a large, private international corporation that has been experiencing

MegaGlobular is a large, private international corporation that has been experiencing problems with fraud. Management has heard of the success other companies have had with whistle-blowing programs ma...

Q: Because ABC Company suffered large losses from fraud last year, senior

Because ABC Company suffered large losses from fraud last year, senior management has decided to be more proactive in implementing a fraud prevention environment. In interviewing employees, they found...

Q: Jason works at a new software development company. The company has

Jason works at a new software development company. The company has been in existence for only two years. Since the company is new, everybody is working extra hours and spending all of their time devel...

Q: Nellie works for a large Fortune 500 company. She heads the

Nellie works for a large Fortune 500 company. She heads the information systems department and works closely with the accounting department. The company works with many associates. They have many buye...

Q: While performing an audit of TCC Corporation, the audit team noticed

While performing an audit of TCC Corporation, the audit team noticed something that didn't look right. The company's receivables aging report showed that bank loan eligible receivables were approximat...

Q: Joseph Gonzales recently bought a new business that included a small 20

Joseph Gonzales recently bought a new business that included a small 20-room motel and coffee shop. He hired a young couple to nm the business and plans to pay them a monthly salary. The couple will l...

Q: Advances in technology have had no effect either on the size or

Advances in technology have had no effect either on the size or frequency of fraud or on the detection or investigation of fraud.