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Jiffy Trading runs 10 branches and pays for a variety of expenses. Anna, the Accounts...

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Accounting

Jiffy Trading runs 10 branches and pays for a variety of expenses. Anna, the Accounts Payable Clerk of Jiffy Trading writes the checks for each supplier and the Accounting Manager signs the checks. Anna decided she needs a raise and the Manager told her to wait for six months. Anna devised a plan to get a raise on her own. She created a new supplier account for her friends business, Prime Auto Parts. Anna also created two purchase orders for Prime Auto Parts for 20,000 and 15,000 and wrote checks to pay theses invoices. She knows the Manager will sign all checks only looking at the checks over 30,000. She delivers the checks to her friend who will encash the checks and give the money to Anna. Is this a good way for Anna to obtain a raise? Eventually, what will be the effect of her actions? How can Jiffy prevent this type of incident? (Include references please)

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