Summary: Theft Act Investigation

Investigations
As investigations are all about gathering evidences, the combination of using theft act investigation, concealment investigation and conversion investigation would achieve to uncover the fraud.
Theft Act Investigation
To investigate the false refunds, the investigator should combine invigilation and surveillance techniques to uncover the fraud.
Invigilation
Invigilation would be helpful to uncover the fraud because the opportunities of stealing money would be cut off during invigilating. The store manager would first copy all the cash records, bank statements and sale relevant records for one month and then would tell all employees that the company insisted on daily audited records for one month to analyze region store performance. During this month, the auditor would come daily to the store that Walker worked and count cash, cash receipts, make bank deposits and check on inventory. Following the invigilation period, the store manager would make a copy of all cash records, bank statements and sales relevant records for one month. As the result, the sales returns were significantly decrease during and after the invigilation. The decrease amount of sales returns was about the same as the increase amount of inventory. The number of physical inventory was larger than the number on the book before the invigilation and was the same as on the book during and after the invigilation. In this case, the result indicated that the embezzler probably stole money by processing false refunds. …show more content…
Through the electronic surveillance, the investigator could observe the activities and behaviors of the management, cashier, associates of cash office and accounting office who have the opportunities to process fake