Retail Corporation - An employee took advantage of the lack of adequate controls associated with her division's budget and expense reviewing procedures. Over a period of two and a half years she had defrauded the organisation of some US$275,000. With the establishment of internal audit procedures unusual expense patterns and other discrepancies were picked up and investigated. This then lead to the employee being dismissed and legal action taken. Improvements made to the system included: - Trave...

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