Wen-Li is an internal auditor for Main Electrical Supply in Springfield, Illinois. During her audit, she came
Question:
The invoice is in almost pristine condition with few marks and no creases. The invoice was properly filed in a vendor folder marked Best Office Supply, which is on the approved vendor list, but the vendor review sheet, which is required to place a vendor on the approved vendor list, is missing from the file. Three other invoices were in the file:
Required:
a. Is this a legitimate invoice? What information might lead you to suspect that this invoice may indicate a fraud?
b. What type(s) of fraud might thisindicate?
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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