You are a newly hired fraud examiner. You have been asked to write a preliminary report on the Paving Company Case scenario. In your response, the following points must be addressed fully: a) Determine the type of fraud committed and describe the symptoms of fraud that might be evident to an investigator. b) All frauds involve key elements. Identify and describe using examples the elements of the Sharp's fraud. c) In the scenario, Sharp’s employer has been putting more emphasis on controlling costs for the various businesses. With the slowing of overall spending in the construction sector, Travolta had ordered managers to closely monitor expenses. He had sold several companies and has given vice presidents greater responsibility for statements of financial positions. What positive and negative consequences might this pose to the company in future fraud prevention? Outline at least three of each type. d) Describe Fine Works Paver’s fraud prevention programme and identify any improvements that might be necessary to prevent this type of fraud or at least discover it sooner.
You are a newly hired fraud examiner. You have been asked to write a preliminary report on the Paving Company Case scenario.
In your response, the following points must be addressed fully:
a) Determine the type of fraud committed and describe the symptoms of fraud that might be evident to an investigator.
b) All frauds involve key elements. Identify and describe using examples the elements of the Sharp's fraud.
c) In the scenario, Sharp’s employer has been putting more emphasis on controlling costs for the various businesses. With the slowing of overall spending in the construction sector, Travolta had ordered managers to closely monitor expenses. He had sold several companies and has given vice presidents greater responsibility for
d) Describe Fine Works Paver’s fraud prevention programme and identify any improvements that might be necessary to prevent this type of fraud or at least discover it sooner.
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