the consequences after fraud is detected in an organization

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24. BHIEE Co. is a small entity. It has total of 5 staff including the owner: 1 owner, 2 salesman, 1 accountant, and 1 receptionist. The owner invested his resources to the business. The salesmen oversee the main source of revenues of the Company. The accountant was able to approve payment of invoices and write company checks to a relative, with whom the accountant would split the proceeds. The accountant covered up the theft with journal entries in the accounting system. The receptionist does the general office work. As an operations auditor, which of the following recommendations best suits the situation above moving forward? Group of answer choices BHIEE Co.’s owner should assign its general manager to be more effective and efficient in doing his job. BHIEE Co.’s owner should closely monitor the activities of its staff and the company’s operations. BHIEE Co.’s owner should come up with staff’s code of conduct and hire an internal auditor to review compliance. BHIEE Co.’s…

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Chapter 1, Problem 6SC

To determine

To determine the consequences after fraud is detected in an organization

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24. BHIEE Co. is a small entity. It has total of 5 staff including the owner: 1 owner, 2 salesman, 1 accountant, and 1 receptionist. The owner invested his resources to the business. The salesmen oversee the main source of revenues of the Company. The accountant was able to approve payment of invoices and write company checks to a relative, with whom the accountant would split the proceeds. The accountant covered up the theft with journal entries in the accounting system. The receptionist does the general office work. As an operations auditor, which of the following recommendations best suits the situation above moving forward? Group of answer choices BHIEE Co.’s owner should assign its general manager to be more effective and efficient in doing his job. BHIEE Co.’s owner should closely monitor the activities of its staff and the company’s operations. BHIEE Co.’s owner should come up with staff’s code of conduct and hire an internal auditor to review compliance. BHIEE Co.’s…

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