While There Have Been Numerous Failures to Detect Fraud, Abuse

question 3

Essay

While there have been numerous failures to detect fraud, abuse, violations of ethics, the perpetrators of the scheme at Crazy Eddie's have been some of the most forth coming individuals about how it was done and how it was covered up. What techniques or processes would you be looking for and how would you counter them in an audit of a firm like Crazy Eddie's after reading the articles?

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Definitions:

Formal Appraisals

Structured assessments where employee performance is evaluated and documented on a regular basis, typically annually.

Employment Interview

A formal meeting between a job applicant and an employer to assess the applicant's qualifications for a position.

Employee Warnings

Official notices issued to employees to address violations or misconduct, often as part of a disciplinary process.

Personnel Files

The systematically organized records kept by an organization that contain personal and employment-related information about its employees.