562-assignment 1

Exercise 1

Due in Week 1 and worth 75 points

Jack  Winters owns a small business, offering construction services for  Disney. To save money on his bids, he subcontracts all of the painting  out to another company called Painters Inc. While balancing QuickBooks  from the actual “job invoices” and receipts, Jack notices a discrepancy.  Painters Inc. was issued a check for $14,125, but the job invoice shows  that the job was finished for $12,125. Jack contacts Painters Inc, who  provides proof that they received payment for $12,125. Besides Jack,  only one person had access to the accounting software. You have been  called to investigate.

Write  a one-page report detailing the steps Jack needs to take to gather all  of the appropriate evidence and protect his company.