Joe Petrucelli Author

Category: Book Club

  • Falsified Purchase Orders 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 purchase order. Study the sample purchase order 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 documents? What controls are in place to protect the value? What controls do you believe are needed after you have reviewed the document?

    Once you have examined the purchase order, gather your thoughts and then read the purchase order commentary. Develop your ideas before looking at the purchase order with comments. The sample purchase order 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 Purchase Order
    2. Purhase Order Commentary
    3. Purchase Order  With Comments

  • Falsified Sales Orders 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 sales order. Study the sample sales order and think of the areas 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 looked at the sample sales order gather your thoughts and than read the sales order commentary. Develop your ideas before looking at the sales order with comments. The  sample sales order 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 Document:

    1. Sample Sales Order
    2. Sales Orders Commentary
    3. Sales Order With Comments

  • 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