subject
Business, 13.04.2021 01:50 reagan1514

In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk dis covered that he was able to change the names of vendors in the computer system to his name. He would create false invoices and create a check for the false invoice. The name on the check would be changed to the name of the employee. After the check was printed, the name in the system could then be changed back to the appropriate vendor. The check register would show only the name of the vendor. The fraudulent em ployee had authorization to sign checks under $1,000. By writing small checks, he was able to defraud the com pany of $10,000. This fraud was caught by accident. An employee of another department was looking through the vendor list on her computer after the fraudulent em ployee had changed the vendor name to his name. A few entries later, the vendor name changed again. She won dered how this could occur and asked her supervisor. Soon after, the fraudulent employee was caught. 1. What kind of fraud is being committed

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:40
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
question
Business, 21.06.2019 23:30
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
question
Business, 22.06.2019 02:00
Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations
Answers: 2
question
Business, 22.06.2019 09:30
Which are the best examples of costs that should be considered when creating a project budget?
Answers: 2
You know the right answer?
In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable...
Questions
question
Mathematics, 30.01.2020 12:48
Questions on the website: 13722367