Chapter 3, Problem 11SC

Fraud Examination

6th Edition

ISBN: 9781337619677

Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.

Publisher: Cengage,

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

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Chapter 3, Problem 10SC

Chapter 3, Problem 12SC

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8. DIGITAL FRAUD In a financial fraud case, city employees in Brooklyn, New York, accessed digital databases to defraud the city of $20 million. Several employees, in collusion with the former deputy tax collector, completely erased or reduced $13 million in property taxes and $7 million in accrued interest that taxpayers owed. In exchange for this service, the taxpayers paid the employees involved bribes of 10 to 30 percent of their bills. Required Discuss the control techniques that could prevent or detect this fraud.

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