A council health inspector threatens to close down a restaurant by issuing a fake health…

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A council health inspector threatens to close down a restaurant by issuing a fake health violation

notice if the owner does not make a financial payment to him. If the restaurant owner does not

cooperate, the restaurant cannot be opened for business and the negative publicity will drive

customers away. Faced with the potential economic loss, the owner makes the payment.

Required:

a) What type of fraud is this? (4 marks, maximum 150 words)

b) What controls can be implemented to prevent or detect the fraud? (6 marks, maximum 200

words)

Week 3

How is a credit check in the advanced technology system fundamentally different from a credit check

in the basic technology system? (10 marks, maximum 300 words)

Week 4

The following is the description of cash disbursements system of Two Symbols Limited:

Upon receipt of the documents from accounts payable department, the cash disbursements clerk files

the documents until their payment due date. On the due date, the clerk prepares a cheque for the

invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier.

The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accounts

payable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy of

purchase order, receiving report, cheque in the department.

Required:

Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss the

risk associated with the weakness. (10 marks, maximum 300 words)

Attachments:

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