(Answered):Fraud Examination Case Study . . . .

Question Description

answer the questions;

• What is a kiting scheme?
• What are common characteristics of kiting schemes?
• Identify and discuss weaknesses in Pure Water’s systems that allowed Trudy to perpetrate her fraud.
• Identify and discuss ways Pure Water could have prevented or detected the embezzlement.
• Discuss the Fraud Triangle.How do the concepts of the Fraud Triangle apply to this case?

Expert Answer 

answer the questions; What is a kiting scheme? What are common characteristics of kiting schemes?Identify and discuss weaknesses in Pure Water’s systems that allowed Trudy to perpetrate her fraud.Identify and discuss ways Pure Water could have prevented or detected the