Question: Case Requirements Please complete the following: 1. Identify the weaknesses in Belding's system of Management Controls over lottery tickets. 2. What inconsistency in store performance
Case Requirements Please complete the following: 1. Identify the weaknesses in Belding's system of Management Controls over lottery tickets. 2. What inconsistency in store performance should have alerted management to the lottery fraud in a timelier manner? 3. What specific data would be useful in determining if there was ongoing fraud at the party store? What patterns would you look for in this data? 4. How would you separate the duties of the store owner and clerks? 5. What internal controls could the party store implement to stop this type of fraud from happening again in the future? 6. Using available data files, estimate Belding's loss during the first week of June. 7. Using the data in the available files, identify the employee(s) of the Belding Store who committed the fraud during the first week of June. 8. Discuss the strengths and weaknesses of some Belding internal controls, including identifying those that were designed well but were not operationalized properly
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