Title
Embezzlement at the Grandview Community Recreation Association
Department/School
Accounting
Date of this version
2019
Document Type
Article
Keywords
fraud; embezzlement; fraud triangle; not-for-profit organizations
DOI
https://doi.org/10.2308/iace-52392
Abstract
This case is based on actual fraud at a not-for-profit organization. In this case, students assume the role of a volunteer forensic investigator who assists the local police department to investigate the possible embezzlement case for a recreation association. Students learn about the activities and the people who are involved with the association. Through the examination of various documents, they identify any discrepancies between the association's accounting records and bank statements. Students apply the fraud triangle to gain a perspective on the possible motivation, opportunity, and rationalization of the likely perpetrator. Students become familiar with the concept of embezzlement and larceny, and recommend fraud prevention practices for the association. After completing this case, students are more aware of why and how small not-for-profit organizations are more susceptible to fraud than are other organizations. This case is appropriate for use in a forensic accounting course or an advanced auditing course.
Volume
34
Issue
2
Published in
Issues in Accounting Education
Citation/Other Information
Chui, L., & Matson, D. M. (2019). Embezzlement at the Grandview Community Recreation Association. Issues in Accounting Education, 34(2), 41-59. https://doi.org/10.2308/iace-52392