The receiving supervisor signs receiving reports showing that the total quantityshipped by a supplier was received and then diverts 5% to 10% of each shipment to theboutique
What will be an ideal response?
This is a fraudulent act because there is a theft accompanied by:
1. A false statement, representation, or disclosure(signing the receiving report)
2. A material fact, (the signature on the receiving report causes the company to act; that is, to pay the vendor)
3. An intent to deceive(The supervisory deceives the company so that it will pay for the goods he steals)
4. A justifiable reliance (The store relies on the misrepresentation to pay the vendor)
5. An injury or loss (The supervisor steals goods the store pays for)
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