Please go to the website of the Association of Certified Fraud Examiners (“ACFE”). You will find the fraud stories behind the number.
Five typical fraud stories (real stories) are shared here. In this class, you are required to read (or listen, you can also listen to the Podcast there) the story –
“The Veteran Bookkeeper – An accountant with 20 years’ tenure bleeds a nonprofit dry.”
After reading or listening to the story, write your recommendation about the internal control of Cash for a small company or organization as the case.