Posted: September 23rd, 2015
Review the Cash Receipt Schemes and Other Asset Misappropriations case study in Chapter 11 of your textbook.
Identify the internal controls that were compromised. Then, respond to these questions:
•Why did the auditor(s) not detect this crime?
•Who is responsible for monitoring 501(C) 3 entities?
•How should the fundraising entity fund collections have been managed?
•What elements of the fraud triangle were violated?
Your analysis and statements must be supported with 2-3 sources in addition to the textbook. The CSU-Global Library is a good place to find academic sources.
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