With little in his bank account and no formal education, Frank found out no one would take him seriously and offer him a decent job. Therefore, Frank altered his driver’s license to make himself 10 years older. He finally got better-paying job but still barely made ends meet. Frank then decided to quit work and writing bad checks on his own overdrawn account to support his life. This only worked for a limited time before the bank demanded payments. Frank always know he would be caught eventually, he went into hiding. After observing highly respected professionals could cash more checks, Frank decided to dazzle bank teller with a more impressive personality. He first impersonated pilot from Pan Am with Pan Am uniform and a fake employee ID. He called the company and claimed that he had lost his uniform. The company told …show more content…
One is how fearless Frank was. Frank was able to lie and present himself in front of real professionals without much preparation. The second one is how Frank sees through the system and caught the weaknesses use them to his advantage. Distinguished with others, Frank was able to think outside of the box and break the normal thinking pattern. The system loophole appears where management assumes average people wouldn’t do. That is exactly where perpetrator would break through. Although we know auditing is not designed to catch fraud, and it is because auditing procedure follows the normal thinking pattern. As auditors, we must think outside of the box to increase the effectiveness of our auditing, which is also adding