Find an article online that addresses fraud within a company (for example: "Bookkeeper caught embezzling...
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Accounting
Find an article online that addresses fraud within a company (for example: "Bookkeeper caught embezzling from local plumbing company"). Respond to the following questions. Please answer in paragraph format in one to two pages. Include a link to the article at the end of the paper.
- What items on the balance sheet were affected by this fraud?
- Based on the seven elements of internal control from the lecture, discuss what controls might have been missing.
- What steps could have been taken to prevent the fraud that was perpetrated?
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