Question: Clean & Pure Limited Fraud Case CASE REQUIREMENTS 1 Using the information in the case study, Explain the type of fraud committed by Louis Litt,

Clean & Pure Limited Fraud Case

CASE REQUIREMENTS 1 Using the information in the case study, Explain the type of fraud committed by Louis Litt, and outline the steps you would take to investigate this fraud. (10 marks) 2 Describe with supporting information at least four weaknesses in the control environment that could have allowed this fraud to take place. (8 marks) 3 For each of the weaknesses identified in Part 2, describe control measures which can be implemented to prevent future occurrence. (8 marks) 4 Using the Net Worth Method, estimate the amount of the embezzlement by Louis Litt in 2019 and 2020. (14 marks)

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