Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman

Exercise 18

You have been hired by a small firm to analyze its accounts receivable department and assess how susceptible it is to fraud. The company operates a table manufacturing facility. The only employee in accounts receivable is Joanne, an employee of 10 years. Joanne opens all cash receipts, credits the clients' accounts, and deposits the money at the bank. What fraud-related risks does this company face What changes, if any, should be made