Marvin is one of the managers at Muffler’s Incorporated. Marvin collects payment from customers when they pick up their automobiles. He is also responsible for completing the deposit slip and delivering the deposit to the bank. At Muffler’s Incorporated payment is due when work is completed. Customers can pay for their automobile repairs in one of three ways: (1) with a personal check, (2) with cash, or (3) with a credit card.

What type of fraud(s) could be or is/are being committed (Be Specific)? Write a paragraph

What procedures could have been implemented to prevent this fraud? Write a paragraph

What procedures could have been used to detect this fraud? Write a paragraph

Answer rating: 100% (QA)

Employees could be pocketing cash payments skimming credit card payments and issuing fictitious refunds as examples of fraudulent activity Some steps ... View the full answer