You as the senior Internal auditor have just started an audi
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You as the senior Internal auditor have just started an audit to verify that the payment of invoices matched the amount on the invoice. During the first day there three employees came to see your and related the following statement.
That stated that another employee had embezzled $35,634 dollars in the last 3 months. You run a quick review and find that there are some false invoices that have been paid.
What action do you take at this time?
What should be done with the employee that did this?
Any other thoughts and questions?
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Solution Summary
You as the senior Internal auditor have just started an audit to verify that the payment of invoices matched the amount on the invoice. During the first day there three employees came to see your and related the following statement.
That stated that another employee had embezzled $35,634 dollars in the last 3 months. You run a quick review and find that there are some false invoices that have been paid.
What action do you take at this time?
What should be done with the employee that did this?
Any other thoughts and questions?
Solution Preview
You as the senior Internal auditor have just started an audit to verify that the payment of invoices matched the amount on the invoice. During the first day there three employees came to see your and related the following statement.
That stated that another employee had embezzled $35,634 dollars in the last 3 months. You run a quick review and find that there are some false invoices that have been paid.
What action do you take at this time?
What should be done with the employee that did this?
Any other thoughts and questions?
Solution:
What action do you take at this time?
As the senior internal auditor, you need to relay the information to the person you report to. The CEO, CFO or Board of Directors would be sufficient options. Due to the fact that you are now aware that ...
Purchase this Solution
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