In a store such as an electronics store, a cashier and a customer may conspire to steal items in the following manner:
■ Customer brings many items to the cashier
■ Cashier scans only a few items
■ Customer pays for scanned items and leaves store with all items
■ Later, cashier and customer sell stolen items for personal gain
As an auditor, you are assigned to investigate this situation. In your report to your supervisor, include what type of application controls are violated. How this fraudulent act detected, and how can it be prevented?
Fraud: What will I tell my MOM?
What is SOX?
What is internal control?
What are IT controls?
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