ACC555 Unit 1 Assignment 1

Lawrence Fairbanks with a high level of security in itself was regarded as an individual of high standing at the University. Hisposition was as Assistant Vice-Chancellor of Communications of the Aesop University.  Was in a position of authority, had the right to buy objects of up to $2,500 without supervision, and treated with invoices without accounting regulations. Lawrence Fairbanks was social and had created animage with his companions and the staff of the University of very high quality.

The behavior of Lawrence was bold,and the people were disappointed when they faced with thereality ofhis fraudulent behavior. His real behavior was of an arrogant and fraudulent person. Thisbehavioris of a person that may commits fraud by the impulse of his successes. Lawrence Fairbanks learned that the university accounting procedures could be manipulated for their monetary gain.
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