Suspected fraud involving the company's controller

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• You have identified a suspected fraud involving the company'

  413340 Identified a suspected fraud involving the company' You have identified a suspected fraud involving the company's controller. What must you do in response to this discovery?

• Donald Reynolds, director of the internal auditing departmen

  The most solid option for the company is to tell the company's executives and employees that there has been an incident of an employee reporting possible fraudulent activity.

• Whether to conduct an investigation, and how

  In addition to management inquiries, SAS 99 also requires an auditor to inquire of the audit committee and of internal audit personnel about their views on the company's fraud risks.

• Internal auditing fraud prevention typical projects

  The controller later sold the diverted inventory items, and the proceeds were deposited to the controller's personal bank account.

• Deterring fraud: fraud triangle and segregation of duties

  579491 Deterring fraud: fraud triangle and segregation of duties The CEO and the CFO of Automation Company were both aware that the company's controller was reporting fraudulent revenues.

• Drotos Theaters Case Study

  Further, immediately after a house-full board was seen an accountant would visit the theater and inspect if there were vacant seats. if he detected any, a fraud would be suspected and investigation would be carried out.

• Corporate Governance Scandals (Not Enron)

  Afterwards it was determined that the company's assets were inflated by $11 billion.

• Spotting Fixed Assets Fraud

  This umbrella term includes the "theft of a company's assets and the misuse of the company's assets" (Apostolou, 2000).

• Forensic Accounting and Fraud Examination

  As a manager within my organization, I will contact the company's internal auditors and discuss the way forward such as putting internal controls within the organization.