Access Case 5 and 6 from the Fraud Examination Casebook.
Access the LinkedIn Learning activities located in the reading area.
Access the background information.
Then read the assignment information, instructions, and address the checklist items for submission.
ANDERSON INTERNAL MEDICINE (CONSPIRACY AND LOAN FRAUD)
You find suspicious the $36,000.00 check deposited into the AIM checking account on December 30, 2015. It was made payable to “Cash” and drawn on Greg Larsen’s account at Waleska Bank. Why was the $36,000.00 check deposited into AIM, and why were Larsen Convenience Store disbursements made using AIM checks? Write up the fraud examination analysis for an addendum to the original fraud examination reports for both Larsen Convenience Store and Anderson Internal Medicine that discusses the results of your review. Be sure to briefly discuss what you did or did not do and the findings (condition, criteria, cause, and effect).
Instructions:
After conferring with the attorney for Southern Appalachian Insurance Company, you prepared and he edited wording for subpoenas to the Bank of Lawrenceville and Waleska Bank to find out more information concerning the $36,000.00 check. Note: these subpoenas are not provided. Raymond T. Boone, CFE, a special agent with the insurance company’s Special Investigative Unit (SIU), subsequently interviews John Grayson, the Senior Vice President and Branch Manager for Waleska Bank in Ball Ground, Georgia.
Review the documents returned with the subpoenas and the interview of John Grayson in Chapter 7, section 7‐5, “Anderson Internal Medicine.”
Accordingly, you want to review the financial information associated with that check:
Review the documents returned with the following:
The subpoena to the Bank of Lawrenceville to obtain Anderson Internal Medicine’s demand account information for Account 7018188 for the period ending on or around December 31, 2015, including, but not limited to, the deposit ticket and front and back of the canceled check for $36,000.00, and the front and back of all canceled checks over $1,000.00 posted on or after December 30, 2015;
The subpoena to Waleska Bank to obtain the Greg Larsen’s demand account information for Account 7011176 for the period ending on or after December 31, 2015, including, but not limited to, the monthly bank statement, all deposit tickets and off‐setting items over $25,000.00, and the front and back of all canceled checks posted on or after the date of the aforementioned deposits over $25,000.00; and
The subpoena to Waleska Bank to get the credit application and the front and back of the canceled official checks associated with the $49,000.00 official check deposited into Greg Larsen’s demand account on December 28, 2015.
Review the SIU interview of John Grayson.
The results of your assignment will be used as an addendum to the original report and a courtroom audiovisual should you be called to testify as an expert witness.
This assignment is to be completed individually. In particular, all students are to perform the various fraud examination steps and submit their report narrative and audiovisual(s) for a grade. No Excel templates are provided.
NOTE: 1 Bank of Lawrenceville and Waleska Bank are part of the correspondent bank. Accordingly, all checks, including the $36,000 check, clear overnight.
Checklist:
Prepare an audiovisual (e.g., flowchart) showing the money flow from inception through final checks.
Write up the fraud examination analysis in the form of the Final Fraud Report using the short format and your exhibits, including audiovisuals for the long format for Anderson Internal Medicine that discusses the results of your review. Be sure to include condition (material error or fraud discovered), criteria (description in the type of material error or fraud and scope of analysis), cause, and effect. Please see the ACFE Long and Short Format reports.
The following sections should be part of your Final Fraud Report:
Background
Executive Summary
Scope
Methodology and Findings
Summary
Recommendations
As part of the scope, be sure to list the documents received.
Include as part of the long format, 2-4 exhibits. You can gain guidance on reports, schedules, and audiovisuals from Chapter 6 of the Fraud Examination text. Additionally, be sure to have at least one schedule for inclusion in your final fraud report, such as a lead schedule. Be sure to properly format your visualizations and exhibits.
Respond using the 7th edition APA format incorporating scholarly resources and citations
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