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Two years ago, your best friend Scott Adams started a home business selling custom made chairs and tables. His original designs quickly became popular, and he began selling in large quantities. To take advantage of the upcoming holiday season, Scott decided to begin selling over the internet. He contacted a Web page designer, and he is now ready to go live with the site. Although he is familiar with the gist of internet retailing, Scott Is concerned about the possibility of fraud involving false online purchases where perpetrators impersonate customers and make orders. Knowing about your background in fraud examination, he comes to you and asks how to prevent and detect fraud in his new venture.

What is one fraud scheme that you would warn Scott to be concerned about and what steps could Scott take to detect and prevent it

Financial Accounting, Accounting

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