Services from a fictitious consulting firm


Some years ago, Starbucks Corporation accused an employee and her husband of embezzling $3.7 milion by billing the company for services from a fictitious consulting firm. The couple created a phony company called RAD Services Inc. and charged Starbucks for work they never provided.. The employee worked in Starbuck's Information Technology Department. RAD Services Inc. charged Starbucks as much as $429,800 for consulting services in a single week. For such a fraud to have taken place, certain control activities were likely not implemented. Identify and describe these activities.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Services from a fictitious consulting firm
Reference No:- TGS066925

Expected delivery within 24 Hours