After examining the case study and the reference materials provided, I choose option B. Meeting with other members of the management team to discuss the company’s current internal controls for preventing fraud. It is possible to identify where the vulnerabilities are and avoid any future fraud from occurring by looking at the protocols already in place (1). For example, if someone is interviewing all of the other workers, knowledge will spread, and the individual under scrutiny might figure out and attempt to manipulate evidences that may point to them to get away with crime (2). I believe that talking about the procedures that are already in place and functioning to reinforce them on the front end tackles the issue straight on rather than deciding to run catch up while this individual gets off with inadvertently causing far more harm while everyone else is being questioned (2). After alerting my boss, the safest way to search for possible wrongdoing inside the organization will be to speak with the supervisors. Through speaking with them, one would be able to determine which guidelines and standards they already have in motion. If one speaks with the other staff, they can create more confusion than is necessary (3). One can learn more about their business transactions and the policies they have in effect to deter economic misconduct by interacting with the other supervisors.
Sources
Potential Fraud Situation. (2021). Blackboard Learn. https://blackboard.strayer.edu/webapps/osv-kaltura-bb_bb60/LtiMashupPlayIframeWrapper?playUrl=/browseandembed/index/media/entryid/1_q646jvdu/showDescription/false/showTitle/false/showTags/false/showDuration/false/showOwner/false/showUploadDate/false/playerSize/400x285/playerSkin/31110461/
Delegate your assignment to our experts and they will do the rest.
Chris M. & Stephen G. (2021). Biggest Corporate Scandals 2015 U.S. Charges Penn West Petroleum, Blackboard Learn. https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/ARTICLES/W4DQ_FiveBiggestCorpScandals.pdf
Sarah N. Lynch & Nia Williams (2021). Ex-Executives with Accounting Fraud . Blackboard Learn. https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/ARTICLES/W4DQ_PennWestFraud.pdf
Response
Hello Vianney,
I agree with your post. Why did you dismiss option A and go for option B? What were your main reasons? I also choose option B in this case study. I agree that discussing the protocols that are already in place and working to improve them on the front end addresses the problem directly rather than trying to play catch-up while this person gets away with unwittingly causing even more damage while everyone else is being challenged. In my opinion, I believe that after alerting the superiors, speaking with the managers would be the best way to look for potential misconduct within the business.
