Trolley Dodgers Case
Executive Summary
The Trolley Dodgers was exposed that it had internal control problems existed. The other hand, found that employees embezzlement. The first part of this report identify and explain the characteristics of employee fraud indicated in Dodgers case. such as perpetrator must gains the trust or confidence of the person or company being defrauded. etc And then, the second part is explain the internal control weaknesses and understanding internal control objectives . The third part based on the understanding of the Committee of Sponsoring Organisations 'internal control. Final part is recommendation for Dodgers internal control problems.
Table of Contents
Introduction 3
Characteristics of the employee fraud in Trolley Dodgers case 3
The internal control weaknesses in the Dodgers` payroll system 4
The critical evaluation of the internal control problems in the Dodgers` payroll system 5
Recommendation for Dodgers internal control problems 7
Reference List: 9
Introduction
In this report, I will be divided into four parts. The first part will cover Identify and explain the characteristics of employee fraud .The second part is explain the internal control weaknesses that were evident in the Dodger’ payroll system .the internal control weaknesses include: no independent check and Dodgers don 't have separation of duties, etc. The third part is to understanding the Committee of Sponsoring Organisations ' internal control framework to evaluate internal control problems. The COSO 's internal control framework have five interrelated components. the five components includes: Control environment ,Control activities, Risk assessment , Information and communication and Monitoring. The final part is recommendation for Dodgers internal control problems.
Characteristics of the employee fraud in Trolley Dodgers case
Employee fraud is an employee within the company to improperly deceptive means to obtain the company 's money or other property.
The Trolley Dodgers was exposed that it had internal control problems existed. The other hand, found that employees embezzlement. The first part of this report identify and explain the characteristics of employee fraud indicated in Dodgers case. such as perpetrator must gains the trust or confidence of the person or company being defrauded. etc And then, the second part is explain the internal control weaknesses and understanding internal control objectives . The third part based on the understanding of the Committee of Sponsoring Organisations 'internal control. Final part is recommendation for Dodgers internal control problems.
Table of Contents
Introduction 3
Characteristics of the employee fraud in Trolley Dodgers case 3
The internal control weaknesses in the Dodgers` payroll system 4
The critical evaluation of the internal control problems in the Dodgers` payroll system 5
Recommendation for Dodgers internal control problems 7
Reference List: 9
Introduction
In this report, I will be divided into four parts. The first part will cover Identify and explain the characteristics of employee fraud .The second part is explain the internal control weaknesses that were evident in the Dodger’ payroll system .the internal control weaknesses include: no independent check and Dodgers don 't have separation of duties, etc. The third part is to understanding the Committee of Sponsoring Organisations ' internal control framework to evaluate internal control problems. The COSO 's internal control framework have five interrelated components. the five components includes: Control environment ,Control activities, Risk assessment , Information and communication and Monitoring. The final part is recommendation for Dodgers internal control problems.
Characteristics of the employee fraud in Trolley Dodgers case
Employee fraud is an employee within the company to improperly deceptive means to obtain the company 's money or other property.