Page 754 - The Case Lab Book

Selling assets, an activity often associated with venture

capitalists, became difficult so pressure built to extract value
from Wrekin by any means e.g. the Sham Payments

Question 3
Having effective internal controls at businesses such as Wrekin

Construction generally requires the owner’s active involvement

and oversight. The problem at Wrekin Construction was that the

owner, Mr. Unwin, committed the frauds.

Identify internal controls that could have made it more difficult

for Unwin and Ibbotson to commit and conceal the frauds.