The auditors of Annaly mortgage discovered that a lot of fictitious employees were on the payroll system and w?
The auditors of Annaly mortgage discovered that a lot of fictitious employees were on the payroll system and were being paid salaries. Neither the CFO nor the payroll manager was aware of the fraud. What could be the possible reasons for the fictitious employees being added on the payroll system? Discuss in detail.
- mswnanaLv 710 years agoBest Answer
To launder money from the company. Someone in the company added the fictitious employees in order to get money for themselves, possibly the bookkeeper.
- bucciLv 43 years ago
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