A bank manager’s responsibility was making loans. Auditors discovered that several loans he made over a five-year period had not been repaid. A fraud investigation revealed that the manager had been receiving kickbacks from risky clients in exchange for extending those loans. His loans had cost the bank millions of dollars in uncollectible loans. You have been asked to determine the amount of kickbacks your loan officer has taken.
1. What type of records would you search to find information about the manager’s assets?
2. Which records would be the most helpful in this case? Why?