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Fraudulent Schemes ReportNameAccounting Ethics and Professional RegulationsApril 4, 2011University of PhoenixTable of ContentsI. Introduction........4II. Fraudulent Acts.......4Description........4Skimming.......4Cash Larceny.......5Billing Schemes......5Article I. Company Recovered from Fraudulent Act....6 Qwest.......6Acts and Recovery ......6III. Differences of Ethics and Use .....6 Real-world Practices and Ethical Theory....6IV. Recommendations for Internal Control....7 Cash Receipts.......7 Cash Distributions......8V. Conclusion........8Information Resources.....9Report on Fraudulent ActsBy: Name, Accounting FirmIntroductionThe recent fraudulent act committed by an employee against the company has brought to the surface the strength of the internal control. Fraudulent schemes are harmful to any company. Therefore, per request by the company board of directors the examination of several types of fraudulent acts will be discussed below. Besides skimming, cash larceny, and billing schemes, the use of ethics in the business world needs to be examined. After these schemes are defined the recommendation on improvements in the cash receipts and cash disbursements departments of the company are detailed. All of these areas are a requirement for a strong financial system a

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