What Discrepancies/Irregularities Exist In Shawn Davidson's File?
Case Study for Fraud by ColoredFaces1 | studymode.com
A Case Study of Interstate Business College
Three Men and A lady
1. Based on the information you have gathered during your first task, what discrepancies/irregularities exist in Shawn Davidson’s file? * Signatures on Enrollment Agreement do not seem to be the same (pg. 507) * 1st Enrollment Agreement Total should equal $9995.00 (508) Total Tuition 8750.00
Textbooks (approx.) 970.00
Application Fee 0.00
Lab Fee 200.00
General Fee 75.00
TOTAL DUE 9,995.00 (not the listed 10,020.00)
The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :
10,020.00 - 9995.00 =25
* 2nd Enrollment Agreement Total should equal $12075.00 (508)
Total Tuition 10500.00
Textbooks …show more content…
What discrepancies/irregularities can you identify in Lisa Morrison’s file? Show your calculations. Do you have any other concerns in regards to Lisa’s file? * Photocopies of fronts of two checks payable to Lisa (for $61.00 and 478.29) but the canceled checks were not able to be located or find evidence that it cleared IBC’s bank account. (508) * Dropped class was not reflected in Detail Ledger. (508,513) * Detail Ledger – tuition $5000.00 2nd Enrollment Agreement – tuition 4000.00 * Payments made to Lisa’s account12072.99
Student Stipend (5750.00)
Detail Ledger Charges (5783.70)
Difference(amount of checks) 539.29
Again no reflection of tuition adjustment
Additional charge of Medical Associate Fee for …show more content…
What discrepancies/irregularities can you identify in Stephanie Baker’s file? What additional documentation would you like to have? Do you have any additional concerns regarding Stephanie’s file? * Medical Association Fee of $50.00 and Technical Fees of $292.56 not included in Enrollment Agreement * Front of 3 photocopied checks made payable to Stephanie found, but no canceled checks. Refund check of $159.50 – no canceled check found. Two student stipend checks ($1362.00 and $1568.00) and difference check of $1362.44 that were also photocopied, but never cleared. Photocopy of check made payable to “EDPMTS” stated as Pell Refund – Stephanie Baker for total of 195.00. Two refund checks of $916.00 and 767.00 were listed as “School Termination of Student Borrower” – no canceled check found. In all six checks that were missing, the total was $6329.94. * As in the Lisa Morrison’s file, the canceled checks were not found or that the checks cleared IBC’s bank account. Concerned that IBC is creating a check, photocopying the front (not the back with endorsements), and the check never clears the bank. Since two files reviewed have the same circumstance, is IBC creating the checks to clear the books but keeping the money by destroying the checks? An interview with both students and a look at their bank statements could also determine if the students received the checks. * IBC refunded Stephanie’s Pell Grant before refunding student loan money. According the footnote, “A Federal Pell
A Case Study of Interstate Business College
Three Men and A lady
1. Based on the information you have gathered during your first task, what discrepancies/irregularities exist in Shawn Davidson’s file? * Signatures on Enrollment Agreement do not seem to be the same (pg. 507) * 1st Enrollment Agreement Total should equal $9995.00 (508) Total Tuition 8750.00
Textbooks (approx.) 970.00
Application Fee 0.00
Lab Fee 200.00
General Fee 75.00
TOTAL DUE 9,995.00 (not the listed 10,020.00)
The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :
10,020.00 - 9995.00 =25
* 2nd Enrollment Agreement Total should equal $12075.00 (508)
Total Tuition 10500.00
Textbooks …show more content…
What discrepancies/irregularities can you identify in Lisa Morrison’s file? Show your calculations. Do you have any other concerns in regards to Lisa’s file? * Photocopies of fronts of two checks payable to Lisa (for $61.00 and 478.29) but the canceled checks were not able to be located or find evidence that it cleared IBC’s bank account. (508) * Dropped class was not reflected in Detail Ledger. (508,513) * Detail Ledger – tuition $5000.00 2nd Enrollment Agreement – tuition 4000.00 * Payments made to Lisa’s account12072.99
Student Stipend (5750.00)
Detail Ledger Charges (5783.70)
Difference(amount of checks) 539.29
Again no reflection of tuition adjustment
Additional charge of Medical Associate Fee for …show more content…
What discrepancies/irregularities can you identify in Stephanie Baker’s file? What additional documentation would you like to have? Do you have any additional concerns regarding Stephanie’s file? * Medical Association Fee of $50.00 and Technical Fees of $292.56 not included in Enrollment Agreement * Front of 3 photocopied checks made payable to Stephanie found, but no canceled checks. Refund check of $159.50 – no canceled check found. Two student stipend checks ($1362.00 and $1568.00) and difference check of $1362.44 that were also photocopied, but never cleared. Photocopy of check made payable to “EDPMTS” stated as Pell Refund – Stephanie Baker for total of 195.00. Two refund checks of $916.00 and 767.00 were listed as “School Termination of Student Borrower” – no canceled check found. In all six checks that were missing, the total was $6329.94. * As in the Lisa Morrison’s file, the canceled checks were not found or that the checks cleared IBC’s bank account. Concerned that IBC is creating a check, photocopying the front (not the back with endorsements), and the check never clears the bank. Since two files reviewed have the same circumstance, is IBC creating the checks to clear the books but keeping the money by destroying the checks? An interview with both students and a look at their bank statements could also determine if the students received the checks. * IBC refunded Stephanie’s Pell Grant before refunding student loan money. According the footnote, “A Federal Pell