 Belding party store lottery fraud: Detecting lottery fraudAlan Reinstein, Leigh Rosenthal and Greg Trompeter Journal of Accounting Education, 2025, vol. 70, issue C 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. Keywords: Financial fraud; State lottery transaction; Forensic accounting (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joaced:v:70:y:2025:i:c:s074857512500003x DOI: 10.1016/j.jaccedu.2025.100952 Access Statistics for this article Journal of Accounting Education is currently edited by Natalie Tatiana Churyk More articles in Journal of Accounting Education from Elsevier |
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