Ruth Bixby served as executive director of Uptown Allentown, an organization created to revitalize Allentown, Pennsylvania. Over
Question:
Ruth Bixby served as executive director of Uptown Allentown, an organization created to revitalize Allentown, Pennsylvania. Over the course of 13 years, Bixby embezzled $543,000 through a variety of methods. Bixby deposited the organization’s cash receipts in her own bank account. She wrote Uptown Allentown checks to herself, and she also created phony entities to which Uptown Allentown wrote checks.
Uptown Allentown was led by a board of directors comprised of civic leaders. Bixby’s embezzlement went undetected until the organization couldn’t pay its bills. Give four ways Bixby’s embezzlement could have been prevented.
Step by Step Answer:
To prevent Bixbys embezzlement Uptown Allentowns boa...View the full answer
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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