Explore BrainMass
Share

Explore BrainMass

    The town clerk receives the mail for the Town of Charity

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The town clerk receives the mail for the Town of Charity, every day. Included in the mail are utility payments, both in cash and check form. The amount of money taken in by the Utility Department is lower than it should be. The Utility Department also takes in checks and cash on a daily basis. No customer has complained that they are not credited for payment of their bill. Different people make the ledger entries in the Utility Department Office. Different people make the bank deposits. How did she commit the fraud?
    Discuss this situation and establish your theories and solutions.

    © BrainMass Inc. brainmass.com October 10, 2019, 8:09 am ad1c9bdddf
    https://brainmass.com/business/forensic-accounting/town-clerk-receives-mail-town-charity-610918

    Solution Preview

    The response addresses the query posted in 409 words with APA references

    // under the below mentioned segment, a case of utility department has been discussed; where it has been found that the amount of payment received varies from that of the billing amount. Moreover, the payments are received both the cash as well a credit, thus, the risk of fraud risk for the town clerk. This has been discussed along with the scope of improvement in the internal control.//

    If the amount of money charged from the customers through cash as well as checks and the customers do not complaint or express any problem with the system, the collection department might commit ...

    Solution Summary

    The expert examines fraud of a town clerk in the Utility Department Office. The response addresses the query posted in 409 words with APA references.

    $2.19