Discussion Question: (2-3 Paragraphs with 2 sources)

What internal control deficiencies are required for a lapping scheme to work? In your response, ensure you provide the definition of a lapping scheme and provide at least one example to support your response.

Homework Question 1: (3-4 Paragraphs with 2 sources)

Chapter 8, BRIEF CASES - You are an internal accountant in a regional chain of restaurants. You have just uncovered a massive purchasing fraud scheme involving two of your purchasing managers. The CEO is very angry with you because the entire company just passed an audit done by an accounting firm that you recommended. How do you respond? (Crain, Hopwood, et. al., 2019, page 245).

Homework Question 2:

Chapter 9 INTERNET RESEARCH ASSIGNMENTS - Write a brief report about the following:

(a) "Fraud Tree"

(b) "Fraud Pentagon"

(c) "Fraud Triangle"

(Crain, Hopwood, et. al., 2019, pages 252, 410-414, ).

Answer rating: 100% (QA)

Discussion Question 23 Paragraphs with two sources By manipulating accounts receivable lapping is a type of fraud in which funds are concealed Covering the theft with a subsequent receivables payment ... View the full answer