Your accounting firm has been hired to consult with a small company regarding fraudulent schemes. The company has experienced fraudulent behavior and recently terminated a few employees as a result of unethical behavior, including the theft of cash.
They are looking for information regarding common fraudulent schemes surrounding an organization’s inflow of customer payments and outflow of funds. They have indicated that, though they do not have a large staff, they are interested in developing more effective internal controls to safeguard against future occurences.
Write a 1,050- to 1,400-word report that provides a background of common fraudulent schemes.
Research using your textbooks and at least three outside sources.
Include the following:
· Analysis of the following types of fraudulent acts: skimming, cash larceny and billing schemes
· A brief example of a company that has had similar issues but has been able to continue after the result of a fraudulent act
· Discussion of how ethical theory and real-world business practices are sometimes different
· A recommendation to the company in order to establish some internal controls surrounding their cash receipts and cash disbursements
Format your report consistent with APA guidelines.