ACC440 Unit 7 Discussion

Question # 00841223 Posted By: wildcraft Updated on: 04/27/2023 02:57 AM Due on: 04/27/2023
Subject Accounting Topic Accounting Tutorials:
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Unit 7 DB: The Trolley Dodgers (ACC440 Auditing)

In this brief case, a long-time and trusted employee of the Los Angeles Dodgers engaged in a large scale payroll fraud to embezzle funds from the organization.  Over a period of several years, this fraudulent scheme cost the owners of the Dodgers several hundred thousand dollars.  Contributing to the success of the fraud was the laxity of the Dodgers’ internal controls.  Eventually, the fraud was exposed when the individual who masterminded the scheme was hospitalized on an emergency basis and thus unable to “cover his tracks” for a period of time.

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