Business Finance Homework Help

describe the ways in which the fraud occurred, and identify which accounts were
impacted in the case you researched. Describe the accounting method used to
commit the fraud, where in the accounting process the fraud occurred, and the
impact to users of financial statements. Provide specific examples in your
response.

Employee theft is a major problem in the U.S. retail industry. Information
obtained from SecurityInfoWatch reported that 23 major retailers alone
apprehended over 1.1 million shoplifters and dishonest employees, and recovered
more than $189 million from these thieves in 2012. From the second e-Activity,
identify at least four (4) internal controls effective in mitigating employee
theft and / or fraud. Provide at least two (2) examples of internal controls
that could be implemented to reduce theft in the U.S. retail
industry.