CCT 562 Week 6 B Fraud Specific Auditing – Discussion
Register Fraud (graded)
Class. Read the case study: Demotion Sets Fraud In Motion (Wells, page 145) . What red flags were going off, and should management ever increase observations on personnel that it takes action on, in this case, a manager who had been demoted?
Class, Let’s start with the case study above–what red flags do you observe?
If we demote an employee there should be an action plan going forward. Perhaps the employee could be reinstated to their prior position if certain conditions were met?
Class- Feel free to add your comments/research on demoted employees. What do HR organizations and think tanks suggest?
Have you ever worked a cash register and seen how this type of fraud could be executed? Share your experience and insight.
