An ex-employee of a company’s payable department was able to steal around $200K by filling fake...

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An ex-employee of a company’s payable department was able tosteal around $200K by filling fake invoices from his own dummycompany. A forensic accounting team discovered that there were 12fake invoices were submitted and paid by the ex-employee over thetime frame of previous 1 year. Payments made of the fake invoiceswere paid first into account of his wife, after which they weretransferred into his own account.
Required: 1. Suppose you are the external auditor, what auditprocedures you will use to catch this fraudulent activities andperson responsible?

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Q Required 1 Suppose you are the external auditor what audit procedures you will use to catch this fraudulent activities and person responsible 15 marks A As an external auditor one may realise that the most important and major task of an auditor making up about 60 of their audit work as part of an audit procedure is the inspection of documents The fact that See Answer

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