By ordering unnecessary products at inflated prices, the purchasing manager of XYZ Company defrauded his employer of

Question:

By ordering unnecessary products at inflated prices, the purchasing manager of XYZ Company defrauded his employer of over $40,000 over a two-year period.
How could you have detected this fraud?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

See More Books

Question Posted: Aug 17, 2012 03:40 AM

See More Questions

How could you have handled this situation differently so that communication would have been effective?
You are the purchasing manager of a company and are responsible for ensuring that necessary inputs are available to keep your factory operating. For each of the three types of purchases identified...
How could you have prepared the target molecule in the preceding synthesis using 4-penten 1-ol as the starting material? Which synthesis would give you a higher yield of the target molecule?
JD is a 25 year old patient who sustained massive head trauma and neurological injury in a motorcycle accident. He is not brain dead, but after 4 weeks in MICU and several neuro consults, the...
Discuss the major principle that describes recording expenses.
MBG is best described as currently: A. 25% debt financed and 75% equity financed. B. 33% debt financed and 66% equity financed. C. 75% debt financed and 25% equity financed. Barbara Andrade is an...
The rocket shown in Fig. P5.61 is held stationary by the horizontal force, $F_{x}$, and the vertical force, $F_{z}$. The velocity and pressure of the exhaust gas are \(5000 \mathrm{ft} /...
For each separate case below, follow the 3-step process for adjusting the accrued revenue account: Step 1: Determine what the current account balance equals. Step 2: Determine what the current...
The ledger of Rios Company contains the following balances: Retained Earnings $30,000, Dividends $2,000, Service Revenue $50,000. Salaries and Wages Expense $27,000, and Supplies Expense $7,000. The...
In year 0, Javens, Inc. sold machinery with a fair market value of $400,000 to Chris. The machinery's original basis was $317,000 and Javens's accumulated depreciation on the machinery was $50,000,...
There once was a corporation from Nantucket, Its controls leaked like holes in a bucket. Smelling trouble with the buyer, And with the supplier, They determined to fix it or chuck it. This limerick...
As CEO of your company, youve been going over your financial statements and have noticed something disturbing. You perform a horizontal analysis and find that sales have been increasing at a rate of...
For the circuit in Figure 676, determine the total resistance between A and B. A (B) = FIGURE 6-76
Chanterelle Inc. acquired 30% interest, or 1,200 common shares, of Cedar Inc. on January 1, 2021. Chanterelle Inc. paid $45 per share. At that time, the carrying amount of Cedar Inc.'s net assets was...
Find x, y, z using Cramer's rule: 2x+3y+5z = 10 3x + 7y+4z = 3 x+2y+22=3
Solve the following equation by factoring. Solve for zero first. x - 3x 3x18
2. Write a program in assembly language to check whether a number is prime or not. a. Use that program to determine number 31 is prime or not. b. Repeat the same program with 189 and 223.
Drone Berhad wants to do a stock split of 5 to 1. Given below is the partial equity account for Drone Berhad: Partial Equity Account for Drone Berhad (RM) Common Stock @ RM2 Premium Retained Earnings...
What application do you see for group VR experiences within organisations? What might be the advantages and disadvantages of these applications?
Walker, Inc., is an all-equity firm. The cost of the company's equity is currently 11.4 percent and the risk-free.rate is 3.3 percent. The company is currently considering a project that will cost...
The percentage method of determining income is based upon? a. The gross bets received by the bookmaker b. The gross bets received plus the vigorish received by the bookmaker c. The gross bets and...
On April 30, 2010, Barack and George entered into a bet on the outcome of the 2010 Kentucky Derby. On January 28, 2011, Barack, who bet on the winner, approached George, seeking to collect the $3,000...
Carl, a salesman for Smith, comes to Bensons home and sells him a complete set of gourmet cooking utensils that are worth approximately $300. Benson, an eighty-year-old man living alone in a one-room...
Consider the same facts as in problem 8, but assume that the price was $350. Benson, nevertheless, wishes to avoid the contract based on the allegation that Carl befriended and tricked him into the...
Explain how the OS and Utility programs work with application software. Summarize the features of several embedded operating systems course: introduction to information technology code: EBI...
Determine the complexity of the following pseudocode snippets in Big-O and Big-Q2. Do these code snippets have a Big-e? What are the functions doing? 1) my_func(some_nums) result = 0 for (num in...
Please explain and describe what are input and output devices. Explain what the differences are between an operating system, an embedded operating system, and a network operating system. Explain and...

By ordering unnecessary products at inflated prices, the purchasing manager of XYZ Company defrauded his employer of

Question:

Step by Step Answer:

You can detect fraud in the purchasing department by searching for employees with the ...View the full answer

Fraud examination

Students also viewed these Business Law questions