Joe Petrucelli Author

Blog

  • Falsified Receipts for the Collection of Cash or Cash Equivalents Exercise

    I find the best approach in understanding any of the organizational processes is to ask questions.  Before we can ask questions we need to look at the underlying source documents that are created within the process. The first document in this exercise is a sample cash receipt. Study the sample cash receipt and think of the places that would need to be altered to gain access to the value and perpetrate a fraud. Who are the people that are in a position to alter the document? What controls are in place to protect the value? What controls are needed after you reviewed the document?

    After  you have examined the cash receipt gather your thoughts and than read the cash receipt commentary. Develop your ideas before looking at the cash receipt with comments. The  sample cash receipt with comments has been analyzed to formulate questions and ideas that you can arrive at by using the source documents associated with the process being analyzed. Documents are critical in developing  supportable  findings. Whenever possible speak to documentary evidence when formulating your fact findings.

    Downloadable Source Documents:

    1. Sample Cash Receipt
    2. Cash Receipts Commentary
    3. Sample Cash Receipt With Comments

  • Employee Expense Reimbursement Report Exercise

    I find the best approach in understanding any of the organizational processes is to ask questions.  But before we can ask questions we need to look at the underlying source documents that are created within the process. The first document in this exercise is a sample Employee Expense Reimbursement Report. Study the sample Employee Expense Reimbursement Report and think of the places that would need to be altered to gain access to the value and perpetrate a fraud. Who are the people that are in a position to alter the document? What controls are in place to protect the value? What controls are needed after you reviewed the document?

    After you have examined the Employee Expense Reimbursement Report gather your thoughts and then read the Employee Expense Reimbursement Report commentary. Develop your ideas before looking at the Employee Expense Reimbursement Report with comments. The  sample Employee Expense Reimbursement Report with comments has been analyzed to formulate questions and ideas that you can arrive at by using the source documents associated with the process being analyzed. Documents are critical in developing supportable findings. Whenever possible speak to documentary evidence in formulating your fact findings.

    Downloadable Source Documents:

    1. Sample Employee Expense Reimbursement Report
    2. Employee Expense Reimbursement Report Commentary
    3. Employee Expense Reimbursement Report With Comments

  • False Time Sheet Exercise

    I find the best approach in understanding any of the organizational processes is to ask questions.  But before we can ask questions we need to look at the underlying source documents that are created within the process. The first document in this exercise is a sample time sheet. Study the sample time sheet and think of the places that would need to be altered to gain access to the value and perpetrate a fraud. Who are the people that are in a position to alter the document? What controls are in place to protect the value? What controls are needed after you have reviewed the document?

    After  you have examined the time sheet gather your thoughts and then read the time sheet commentary. Develop your ideas before looking at the time sheet with comments. The sample time sheet with comments has been analyzed to formulate questions and ideas that you can arrive at by using the source documents associated with the process being analyzed. Documents are critical in developing supportable findings. Whenever possible speak to documentary evidence in formulating your fact findings.

    Download Source Documents:

    1. Sample Time Sheet
    2. False Time Sheet Commentary
    3. False Time Sheet With Comments

  • Top 10 To Do’s

    The 800 Lb. Friendly Gorilla Top 10 To Do’s In Everyday Life –

    1. Do what you love to do. If you don’t love doing something it’s probably not worth doing.
    2. Take risks and have a little faith (nothing can be achieved without faith).
    3. If you think you’re working hard now, than work harder. The greatest rewards come from the best efforts.
    4. popcornEven when you are busy make sure you find time to spend with the most important people in your life like family and friends.
    5. Don’t ever forget that your only as good as the people surrounding you (it’s all about people and relationships).
    6. When you think you know something well add imagination to it and learn more. Albert Einstein got it right when he said “I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
    7. It’s a tough world so make sure you have some 800 lb. Friendly Gorillas in your life.
    8. Create opportunity and always be prepared to receive the next opportunity. You never know when an opportunity might present itself.
    9. Create a positive spirit with a simple smile. The only attitude you can control is your own and it just may influence someone else’s.
    10. Most importantly maintain your moral fiber and your integrity. Never forget what’s important to YOU.