Belding party store lottery fraud: Detecting lottery fraud

Q1 Social Sciences

Journal of Accounting Education Pub Date : 2025-01-27 DOI:10.1016/j.jaccedu.2025.100952

Alan Reinstein , Leigh Rosenthal , Greg Trompeter

引用次数: 0

Abstract

Based on an actual fraud consulting engagement, this case study begins when the owner of the Belding Party Store noticed that lottery ticket sales were increasing but lottery cash flows were decreasing. We present our findings from piloting the case with graduate and undergraduate students from 2021 through 2023. The case requires students to apply forensic accounting and auditing techniques to ascertain: (1) whether some of the store employees defrauded its owner of lottery ticket revenues; (2) which internal control weaknesses should have alerted the owner of this potential fraud; (3) how to improve internal controls to minimize future fraud; and (4) how to measure the extent of the fraud. Students received three documents: (1) the case; (2) flowcharts of Belding’s internal processes; and (3) an Excel workbook containing the source documents necessary to determine the nature of the fraud and calculate the damages. They also completed pre- and post-surveys to measure how much they learned from solving the case.

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来源期刊

Journal of Accounting Education Social Sciences-Education

CiteScore

4.20

自引率

0.00%

发文量

期刊介绍： The Journal of Accounting Education (JAEd) is a refereed journal dedicated to promoting and publishing research on accounting education issues and to improving the quality of accounting education worldwide. The Journal provides a vehicle for making results of empirical studies available to educators and for exchanging ideas, instructional resources, and best practices that help improve accounting education. The Journal includes four sections: a Main Articles Section, a Teaching and Educational Notes Section, an Educational Case Section, and a Best Practices Section. Manuscripts published in the Main Articles Section generally present results of empirical studies, although non-empirical papers (such as policy-related or essay papers) are sometimes published in this section. Papers published in the Teaching and Educational Notes Section include short empirical pieces (e.g., replications) as well as instructional resources that are not properly categorized as cases, which are published in a separate Case Section. Note: as part of the Teaching Note accompany educational cases, authors must include implementation guidance (based on actual case usage) and evidence regarding the efficacy of the case vis-a-vis a listing of educational objectives associated with the case. To meet the efficacy requirement, authors must include direct assessment (e.g grades by case requirement/objective or pre-post tests). Although interesting and encouraged, student perceptions (surveys) are considered indirect assessment and do not meet the efficacy requirement. The case must have been used more than once in a course to avoid potential anomalies and to vet the case before submission. Authors may be asked to collect additional data, depending on course size/circumstances.