Posted: April 25th, 2017

In one of the case studies in the textbook (page 104), Albert Miano, the facilities supervisor for a popular magazine, submitted phony invoices. When Miano received the checks for the phony invoices, he forged the contractor s signature. He then endorsed the check in his own name. How was the fraud caught?

In one of the case studies in the textbook (page 104), Albert Miano,
the facilities supervisor for a popular magazine, submitted phony invoices.
When Miano received the checks for the phony invoices, he forged the
contractor s signature. He then endorsed the check in his own name. How
was the fraud caught?

A vendor received a check by mistake and called the accounts payable
department.
The external audit found it in an audit sample of canceled checks.
None of the above
Instructor Explanation:Wells, Chapter 4, page 104