Fraud Examination Case: Crafty Cash Theft?

ABSTRACT This case engages students in an interactive in-class learning activity. Students are given a brief case scenario and the task of investigating fraud in a small company. Pre-class preparations require students to identify likely fraud schemes and how to proceed with the fraud investigation. The in-class portion summarizes students' individual assessments and then emphasizes examination of evidence to resolve the case. The case challenges students to consider how to approach a fraud investigation and what procedures or analyses would provide relevant evidence. The activity also requires students to consider internal control weaknesses and suggestions for improving internal control in a small organization. The intended audience is a graduate-level fraud examination course or auditing course with a fraud examination component. Data Availability: Handouts and solutions are provided in the Teaching Notes.