1.  From your work experience, please describe a situation where an employee stole from the company they worked for.  What did they steal?  How was it done?  What internal controls were in place to detect and/or deter that theft?  Why didn't the internal control worked?  What internal control should the company have instituted to detect and/or deter that type of theft? 

If you do not know of a situation where an employee stole from his/her employer, conduct internet research to find reports of employee theft.  Post a link to the article, and answer the same questions.  What did they steal?  How was it done?  What internal controls were in place to detect and/or deter that theft?  Why didn't the internal control worked?  What internal control should the company have instituted to detect and/or deter that type of theft?

Answer rating: 100% (QA)

Hypothetical Scenario Employee Theft A cashier in a retail store steals cash from the register What was stolen Cash from the register How it was done ... View the full answer