Assignment 2-4 Register Disbursement Scheme Case

Assignment 2-4 Register Disbursement Scheme Case -...

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1 Assignment 2-4 Register Disbursement Scheme Case Assignment 2-4 ACCT341-E1WW Professor Filler January 22, 2012
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2 Assignment 2-4 “Red Flags” In the case of “A Silent Crime” there were several “red flags” or clues that a possible fraud was being committed. One major clue was that at Greene’s store, records showed that the store’s shoe department was losing money because it had an exceedingly high rate of returns on its shoes. (Wells, 2011). This would be considered a red flag because normally any company that would have that many returns would not be in business. Had Mr. Rooker checked his returns sooner, he would have uncovered this scheme a lot earlier. Another red flag was that customers came directly into the store and asked for Anderson: only he could wait on them. (Wells). Most customers don’t care who waits on them. Usually if a customer is asking for a specific person and these customers are buying shoes every month, something fishy is probably going on. Who buys shoes every month? And lastly a man who only “worked 15 hours a week at Greene’s was living the high life. He dressed like a million bucks. He ate at fancy restaurants.” And he wore
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Assignment 2-4 Register Disbursement Scheme Case -...

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