ACC 614 ACC614 WEEK 3 DQ 2 - INVESTIGATING A FRAUD - ASHFORD
ACC 614 Week 3 Discussion 2 Investigating a Fraud
Investigating a Fraud [CLOs: 1, 3]. 1st Post Due by Day 3. Suppose you are auditing cash disbursements and discover several payments to a company you are unfamiliar with and cannot find information about the company on the Internet or in the local telephone directory. The invoices from this company have numbers very close to each other in the sequence, there is no phone number on the invoice, and each bill is a for a dollar amount just under the amount that would require additional approvals before payment. Based on this information, you now suspect this may be a fraud.
Required:
Based on your suspicions, how would you change the audit procedures you would perform and how might you change the evidence you gather? Reference this week’s lecture to inform your post. Respond to at least two of your classmates’ posts.
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