'The Scope and Limitations of the Fraud Examination\r'

'On October 5th, 2010, the fraud examination unit of measurement received an assignment from the owner of crop regarding to the accident of fraud disbursements occurred in his condition. He suspected that someone is illegally and by design stealing money from his condition. Based on his suspicion, a fraud examination was conducted by collecting information, reviewing & analyzing relevant records, and applying remarkive work methods. The objective of my examination was to determine the possibility of misappropriation of school’s fund, mark the fraudulent dodges, and help the school to traffic pattern out who was behind the fraud.\r\nI reviewed school’s bank accounts, checkbooks, and military force files. afterwards obtaining sufficient documentation, I found that the school funds were intercepted and converted to Mr Bob Daniel, who is the supervisory programy program in school. He was authorized to verify fiscal and the process of check’s preparati on and issuance. Since no(prenominal) of financial supervisor reviewed his works, he misappropriated checks and fraudulently affixes the mite of an authorized maker. His forged maker scheme was executed through following steps:\r\n†Start scheme with 2 pillory companies Prepare fraud checks and forge the signature of school’s owner †stage checks to the bank †Fraud checks were payable to his vitrine companies and his account. He concealed his larceny by using high activity accounts. Since trailing records on the high active accounts would not expose the fraud easily, he success fullyy embezzled approximately $400,000 from school’s funds.\r\nI applied detection methods to back down my investigation as follows: †Tracking on the vendor expenditures: it would increase compared to prior expenses. come upon on the process of check’s preparation and issuance: Bob Daniel was an all important(predicate) part in the entire process. Also, none of supervisor checked his works. †Examine the personnel records: a review of Bob Daniel showed that systematization would be a major demand for his theft †Obtaining confession: he confessed his theft as the result of feeling guilty. In conclusion, this report reflects that Bob Daniel, the school financial supervisor, committed a check manipulate to misappropriate approximately $400,000. A full review of internal controls should be conducted to detect and prevent more fraudulent schemes.\r\n'