An ex-employee of a company’s payable department was able tosteal around $200K by filling fake invoices from his own dummycompany. A forensic accounting team discovered that there were 12fake invoices were submitted and paid by the ex-employee over thetime frame of previous 1 year. Payments made of the fake invoiceswere paid first into account of his wife, after which they weretransferred into his own account.
Required: 1. Suppose you are the external auditor, what auditprocedures you will use to catch this fraudulent activities andperson responsible?
