Your accounting firm has been hired to consult with a smallcompany regarding fra

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Your accounting firm has been hired to consult with a smallcompany regarding fraudulent schemes. The company has experiencedfraudulent behavior and recently terminated a few employees as aresult of unethical behavior including the theft of cash. They arelooking for information regarding common fraudulent schemessurrounding an organizations inflow of customer payments andoutflow of funds. They have indicated that though they do not havea large staff they are interested in developing more effectiveinternal controls to safeguard against future occurences.

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