Department/School

Accounting

Date of this version

4-2016

Document Type

Article

Keywords

Embezzlement; fraud triangle; recommendations

Abstract

In this case, the student assumes the role of an auditor for an accounting firm on a privately-held client. A review of the income statement accounts leads to concerns about various expenses. Copies of cancelled checks provide more information and substantiate the concerns. Students apply the fraud triangle and consider the red flags of fraud in a realistic situation.

Published in

Journal of Forensic and Investigative Accounting

Citation/Other Information

8 (2) 349-358

Included in

Accounting Commons

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