How Did King Arthur Miller Committed The Fraud

Q2: Miller committed the fraud by asking executives leaving on vacation to sign several checks for the emergency cash disbursement. To prevent detection when assets are stolen, perpetrators must keep the accounting equation in balance. To conceal the fraud, Miller removed the canceled check from the bank reconciliation and destroyed it. The stolen amount was charged to a unit’s expense account to balance the company’s books. Of course, perpetrator must convert the stolen assets to a spendable form or gain personal use. Miller converted the signed check by depositing them into his personal account, so he was able to buy a new house, new cars, a vacation home, and an extravagant wardrobe.
Q4: Miller was additive to material wealth because the