A documentary, ALL THE QUEEN'S HORSES, investigates her crime, her lavish lifestyle, and the small town she left in her wake.  Watch the trailer here: https://www.youtube.com/watch?v=dpr2A3S3CNk  https://www.allthequeenshorsesfilmcom/trailer   Based on the video, who do they say is the second most common victim of embezzlement? In your own words, after watching the video, how did the town clerk (Kathy Swanson) discover the fraud? How long did the town take to investigate Rita? How much (in dollars) did she steal just during the investigation? The narrator of video notes that she continually gets asked, “How does one person in a small town steal 53 million dollars with no one knowing and get away with it?” After watching this video, and after reviewing Chapter 7 in our book… What components and/or principles of internal control were violated? Please reference at least three components and/or principles of internal controls noted in Chapter 7. Use the terms we discussed from the chapter. Please give examples of how they were violated from the documentary. 5. What internal controls would you suggest that they implement going forward? Please give examples of what they could do to improve the control over the city funds using your Chapter 7 knowledge.

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Your Question:

A documentary, ALL THE QUEEN'S HORSES, investigates her crime, her lavish lifestyle, and the small town she left in her wake. 

Watch the trailer here:

https://www.youtube.com/watch?v=dpr2A3S3CNk

 https://www.allthequeenshorsesfilmcom/trailer

 

  1. Based on the video, who do they say is the second most common victim of embezzlement?
  2. In your own words, after watching the video, how did the town clerk (Kathy Swanson) discover the fraud?
  3. How long did the town take to investigate Rita? How much (in dollars) did she steal just during the investigation?
  4. The narrator of video notes that she continually gets asked, “How does one person in a small town steal 53 million dollars with no one knowing and get away with it?” After watching this video, and after reviewing Chapter 7 in our book… What components and/or principles of internal control were violated? Please reference at least three components and/or principles of internal controls noted in Chapter 7. Use the terms we discussed from the chapter. Please give examples of how they were violated from the documentary.

5. What internal controls would you suggest that they implement going forward? Please give examples of what they could do to improve the control over the city funds using your Chapter 7 knowledge.

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