Please go to the website of the Association of Certified Fraud Examiners (“ACFE”). You will find the fraud stories behind the number.
https://www.acfe.com/report-to-the-nations/behind-…
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.
