You are a, CFE, you were approached by at Al Huda and Supply Co. to conduct...

 

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You are a, CFE, you were approached by at Al Huda and Supply Co. to conduct an investigation into possible fraud in the companies accounts receivable. Jamal a regular costumer had lunched several complainants about his account balance. Ali an accounts receivable employee has lost a big amount of funds due to the financial market crisis Maha an employee in the accounts receivable department although hard working was not promoted while others in the same positions received a promotion Jubran a clerk in the accounts receivable department lives beyond his means and recently purchased a BMW 780 All employees have access to cash and records Maha is single mother with a son who is sick and need expensive medical care You started to review the information you were given you discovered the flowing: There are several complaints regarding costumer balances Amounts of write offs are higher than normal in similar companies Required 1. is there predication to start an investigation, Explain why 2. Apply the fraud investigation theory to the case The following hints could be helpful A. Documents you need B. Fraud triangle C. Interviewing order Explain your steps in 2 above 3. What is your conclusion a. What is the fraud scheme if any b. Who do you thing committed it c. What is your advice to the company You are a, CFE, you were approached by at Al Huda and Supply Co. to conduct an investigation into possible fraud in the companies accounts receivable. Jamal a regular costumer had lunched several complainants about his account balance. Ali an accounts receivable employee has lost a big amount of funds due to the financial market crisis Maha an employee in the accounts receivable department although hard working was not promoted while others in the same positions received a promotion Jubran a clerk in the accounts receivable department lives beyond his means and recently purchased a BMW 780 All employees have access to cash and records Maha is single mother with a son who is sick and need expensive medical care You started to review the information you were given you discovered the flowing: There are several complaints regarding costumer balances Amounts of write offs are higher than normal in similar companies Required 1. is there predication to start an investigation, Explain why 2. Apply the fraud investigation theory to the case The following hints could be helpful A. Documents you need B. Fraud triangle C. Interviewing order Explain your steps in 2 above 3. What is your conclusion a. What is the fraud scheme if any b. Who do you thing committed it c. What is your advice to the company

Answer rating: 100% (QA)

Few instances in the above case are not normal and definitely raise questions Jamal a regular customer has complained about his incorrect account balance This raises doubts on the manipulation in acco... View the full answer