Melanie Waghalter Johnson

Unit 4 Assignment 1

Professor Cynthia Waddell

ACC555: Fraud Examination

"How to Steal a Million Dollar Without Taking the Cash"

Seneca Staunton was an overwhelmed accounting clerk at Carlton Chemicals. His job was to deal with AR collection, customer service issues, process payments and keep the AR records straight. He was a quiet man who preferred to work alone than with others, and this was his down fall with Carlton Chemicals.

The only time that Seneca was vocal was when his department was audited. He would get upset and complain about the added work load caused by the auditors. He would delay getting reports and other paperwork to them causing issues with completing the audit itself. When the reports finally got to the head auditor there were...