In Exercises 6668, graph each equation. y 5 (Section 3.2, Example 7)
Kareema Wingfield ACCT 2101 CHAPTER 7 NOTES Fraud, Internal Control, and Cash Learning Objective 1: Define fraud and the principles of internal control FRAUD A fraud is a dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. o EXAMPLES: o A bookkeeper in a small company diverted $750,000 of bill payments to a personal bank account over a three-year period. o A computer operator embezzled $21 million from Wells Fargo Bank over a two-year period. Why does fraud occur THE FRAUD TRIANGLE - The most important is opportunity.