Mary Jenson served as executive director of Downtown Bridgeport, an organization created to revitalize Bridgeport, Oregon. Over

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Mary Jenson served as executive director of Downtown Bridgeport, an organization created to revitalize Bridgeport, Oregon. Over the course of 14 years, Jenson embezzled $295,000 through a variety of methods. Jenson deposited the organization’s cash receipts in her own bank account. She wrote Downtown Bridgeport checks to herself, and she also created phony entities to which Downtown Bridgeport wrote checks. Downtown Bridgeport was led by a board of directors comprised of civic leaders. Jenson’s embezzlement went undetected until the organization couldn’t pay its bills. Give four ways Jenson’s embezzlement could have been prevented.

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Related Book For  answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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