Connie works in the Human Resource department of a company and is

Business

1 answer:

GenaCL600 [577]3 years ago

8 0

Answer:

Explanation:

A This scenario describes a payroll fraud ; This is a form of fraud where an employee or an employer manipulates the payroll system in order to fraudulently receive an un earned wages.

B The employees that Connie was paying to their account that she controls are called Ghost employees. These are fictitious person put on a payroll for fraud purposes.

C The fact that it took the company 5 years to discover the fraudulent practice indicates a weak internal control environment

Some of the actions that the company failed to do are
No proper authorization in place before employees are added to payroll
No segregation of duties as Connies appears to have been the person that add employees to payroll , approve and also disburse salary
There has been no headcount of employees for a long time
The entire payroll system has not been audited and reviewed for a long time

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