Cash is the bloodline of any business organizations, yet it is also most susceptible to embezzlement. 

 

Research and submit one newspaper article involving cash embezzlement. The article is to be attached as an appendix on page 9.  The title, publisher and date of the article must be shown clearly.

 

 

 Answer the following questions :

 

Describe how the offence was committed.

How was the embezzlement discovered?

 

(i)  Identify and explain 2 weaknesses in internal controls applicable to your selected article.

Propose 2 effective control procedures so as to prevent (i) from happening.

 

Provide your answer using the table below:

 

Transcribed Image Text:

1. Internal Control Weakness 1. Proposed Control Procedure 1. Internal Control Weakness 1. Proposed Control Procedure

Answer rating: 100% (QA)

Example Article Title Employee Embezzles 1 Million from Local Retail Store Publisher The Daily Gazette Date June 15 2023 Description of the Offense In ... View the full answer