This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A teller at a savings and loan drive-through accepted a cash payment from customer #1 for an auto ... (Read 63 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Apr 8, 2019
A teller at a savings and loan drive-through accepted a cash payment from customer #1 for an auto loan. The teller appeared to process the payment, but told the customer the printer was jammed and she can't print a receipt. The customer accepted the excuse and drove away. The teller pocketed the cash and wrote down customer #1's loan number and payment amount for future reconciling. A couple of days before customer #1's monthly statement was printed, the teller recorded a cash payment from customer #2 as if it were made by customer #1. The teller pocketed the difference between the two payments. The teller continued to steal and misapply customer payments for the next two years without detection.

Identify the type of fraud scheme described. Describe five controls you would implement to address the fraud risk, and label each control as preventive or detective.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jake on Apr 8, 2019

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


jake

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Apr 8, 2019
TY


jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 8, 2019
You're welcome


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Apparat ft. Soap & Skin - Goodbye (Drive) Apparat ft. Soap & Skin - Goodbye (Drive)
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
The most commonly used socket drive sizes include 1/4, 3/8, and 1/2 inch drives. The most commonly used socket drive sizes include 1/4, 3/8, and 1/2 inch drives.
A typical 1/2 inch drive air impact wrench. The direction of rotation can be changed to loosen or ... A typical 1/2 inch drive air impact wrench. The direction of rotation can be changed to loosen or ...
Covering the interior as soon as the vehicle comes in for service helps improve customer ... Covering the interior as soon as the vehicle comes in for service helps improve customer ...
How to choose the right payment plan with changing conditions (Question 5) How to choose the right payment plan with changing conditions (Question 5)
Video: Acids and bases - definition

For a complete list of videos, visit our video library