Q: Craig Ferguson, an internal auditor for HHG Online Booksellers, had
Craig Ferguson, an internal auditor for HHG Online Booksellers, had been investigating a case of embezzlement fraud for nearly two months. After searching personnel and company records, visiting with...
See AnswerQ: A group of fraud examiners is coordinating an investigation at a local
A group of fraud examiners is coordinating an investigation at a local law firm. Several lawyers at the firm are suspected of overbilling clients, possibly creating fake client accounts, and then char...
See AnswerQ: ABC Company has instituted good internal controls and has never, until
ABC Company has instituted good internal controls and has never, until last month, had a problem with fraud. But several weeks ago, someone with access to keys entered the controller's office and took...
See AnswerQ: It is always necessary to involve a federal law enforcement agent when
It is always necessary to involve a federal law enforcement agent when accessing federal databases.
See AnswerQ: Manufacturing companies with a profit margin of 10 percent must usually generate
Manufacturing companies with a profit margin of 10 percent must usually generate about 10 times as much revenue as the dollar amount of the fraud in order to restore net income to its pre-fraud level....
See AnswerQ: In the oil theft case discussed in this chapter, the fraud
In the oil theft case discussed in this chapter, the fraud investigators conducted a week-long invigilation. The results from this period were compared to the results taken during the weeks immediatel...
See AnswerQ: This chapter discussed techniques for conversion investigations that involve searching public records
This chapter discussed techniques for conversion investigations that involve searching public records to identify changes in lifestyle and the net worth of alleged fraud perpetrators. You recently bec...
See AnswerQ: Fred is a friend of yours and works with you at the
Fred is a friend of yours and works with you at the same company. He is a well-respected and trusted employee. He has two young children and is a leader in his community. You have discovered that Fred...
See AnswerQ: You work for a small manufacturing firm, where it is clearly
You work for a small manufacturing firm, where it is clearly too expensive 10 have proper segregation of duties. Because of this lack of control, management knows that opportunities exist to perpetrat...
See AnswerQ: During the past year, your company has discovered three major frauds
During the past year, your company has discovered three major frauds. The first was a $3.9 million theft of inventory that had been going on for six years. The second was a $2.8 million kickback schem...
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