Floyd is a post office employee responsible for collecting, preparing, and approving invoices and collecting cash related
Question:
Floyd is a post office employee responsible for collecting, preparing, and approving invoices and collecting cash related to postal services. His son wants to go to graduate school in another country and Floyd finds it difficult to obtain the required funds. He decides to add $1 for every invoice he issues or collects when dealing with customers who appear distracted. He continued to do so for a year, collecting around $100,000 before being interviewed as a suspect.
Identify all fraud diamond factors indicated in this scenario. What additional information would you need to have evidence regarding all of the fraud diamond factors?
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton