Susan Boyd graduated summa cum laude from State University as an accounting major and is now working for a medium-size company. Susan was very clever and quickly realized that she could set up several dummy companies that would direct the company computer to write checks to her dummy companies for fictitious merchandise. Her scheme was discovered when several of the company executives began to wonder how she could afford to live in one of the most pricey subdivisions in town and drive a very expensive vehicle. What controls, in your opinion, might have prevented Susan from engaging in this fraud?
Answer to relevant QuestionsChoose three or four issues of one of these journals: Journal of Accountancy, Internal Auditor, Strategic Finance, and Management Accounting. Next, count the number of articles that are related to IT. In addition, make a ...XBRL is becoming established as the language to create interactive data that ﬁnancial managers can use in communication. How do you think the use of interactive data might enhance the value of a company’s ﬁnancial ...How does XBRL compare to the IDEA database? The management of Wiley Coyote Inc. decided that they needed an outside consultant to help them determine which application controls should be implemented for the company’s accounting data processing. In one of the ...What controls must be used to protect data that is transmitted across wireless networks?
Post your question