Potential Frauds and Improvements to Reduce the Fraud in a Case-D4

I don’t understand this Accounting question and need help to study.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
Potential Frauds and Improvements to Reduce the Fraud in a Case-D4
Get a 15% Discount on this Paper
Order Now

The ABC Company has two divisions, the sales and manufacturing divisions. The president (Randy Savage) manages the sales division. Savage delegated responsibility for management of the manufacturing division to Jane Thomas. The company has a competent accounting staff and an internal audit department. Unlike Savage’s procedures, however, Thomas and her assistant:

  • Supervise construction,
  • Maintain the physical inventory,
  • Receive manufacturing job bids,
  • Approve all bid updates,
  • Purchase materials,
  • Contract shipping needs,
  • Bill the customer, and
  • Collect payments.

With Savage’s approval, Thomas has asked the internal auditor not to interfere with her busy schedule.

In the current way of doing things, what are potential frauds that may happen? Suggest several improvements to reduce the risk of fraud and improve internal controls? How would you implement these improvements?

Your document should be 400-500 words and must include at least one reference.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Awesome work!!!!!!
Customer 452453, March 24th, 2021
Human Resources Management (HRM)
Thanks for your support.
Customer 452701, April 24th, 2023
Other
great
Customer 452813, July 5th, 2022
Nursing
Thank you!
Customer 452707, April 3rd, 2022
Social Work and Human Services
Great Job!
Customer 452587, October 27th, 2021
History
Thanks for your help and support as always!
Customer 452909, May 18th, 2024
Human Resources Management (HRM)
Thank you
Customer 452701, September 15th, 2023
Human Resources Management (HRM)
You are greatly appreciated.
Customer 452701, October 17th, 2023
IT, Web
Paper was great and accomplished everything I needed.
Customer 452885, October 27th, 2022
Communications
Thank you very much
Customer 452669, November 17th, 2021
Other
Amazing work
Customer 452909, September 4th, 2024
Marketing
Thanks so much for your service and as always. I’ll get back with you soon!
Customer 452909, March 29th, 2024
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information