Scenario
The CFO of Flying Forward, a local tourist company, is concerned about internal controls in the human resources department because there have been overpaid invoices. To address these concerns, they hired you as a forensic consultant to develop training materials for the human resources department regarding internal controls. You are tasked with creating a job aid that will be used in training related to the internal control framework for the human resources department. In your job aid, you must identify internal controls and describe the importance of these controls in the prevention and detection of fraud.
The skills practiced in this activity will help to support you in your project.
Directions
Using the template in the What to Submit section, create a job aid identifying the importance of the internal control framework and various internal controls and their objectives.
Specifically, you must address the following rubric criteria:
- Describe the importance of the internal control framework in the fraud examination process.
- Identify internal controls to mitigate the fraud in the scenario.
- Describe the objective of each internal control.
- Explain how each internal control helps with fraud detection or prevention.
What to Submit
Submit your activity with all the required sections by completing the Module Three Activity Template. Sources should be cited according to APA style.