The president, her assistant andanother staff member employed atCampbell Coffee piled up $450,000in fraudulent transactions over thepast year.


The president racked up $300,000in unauthorized credit card chargeson the company's corporateAmerican Express cards.

The assistant collected $50,000 infunds via unauthorized credit cardcharges to herself.

The staff member used theremaining $100,000 on designerclothing, concert tickets, andvacation trips.


The fraudulent charges continued to occur until a newly hired accounts payable manager discovered the questionable charges.


Questions:

What went wrong in the organization's structure that allowed the issue occur?

What is your recommendation(s) that the organization can follow to prevent this activity from occurring again?

Answer rating: 100% (QA)

Based on the provided information several issues in the organizations structure contributed to the occurrence of the fraudulent transactions 1 Lack of oversight There appears to be a lack of proper ov... View the full answer