Rhonda Dunbar served as executive director of Downtown Forest Lake, an organization created to revitalize Forest Lake,

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Rhonda Dunbar served as executive director of Downtown Forest Lake, an organization created to revitalize Forest Lake, Minnesota. Over the course of 11 years, Dunbar embezzled $444,000. How did Dunbar do it? By depositing subscriber cash receipts in her own bank account, writing Downtown Forest Lake checks to herself, and creating phony entities to which Downtown Forest Lake wrote checks.
Downtown Forest Lake was led by a board of directors comprised of civic leaders. Dunbar's embezzlement went undetected until Downtown Forest Lake couldn't pay its bills. Give four ways Dunbar's embezzlement could have been prevented.
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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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