Problem
During the past year, Jim Hunt, CEO of KMP Corporation, read about several different frauds occurring in the industry. As a result of these recent frauds, Jim would like to know if fraud is present in his company. As Jim's new assistant, he has asked you to help him determine whether or not fraud is occurring. In preparation for the investigation, Jim has asked you to create a list of fraud symptoms and discuss how they can help determine places where fraud may be occurring.