Description: On April 14, 2024, the CBC ran a story noting how the big 400 kg gold heist from Pearson Airport was hitting a one-year anniversary with no word of arrests https://www.cbc.ca/news/canada/toronto-pearson-gold-heist-anniversary-1.7169898 . Almost as if on cue, came news this week that a number of individuals were being charged for their parts in the $22.5 million gold theft. As might have been suspected, a couple of those sought by the Peel Regional Police were from the inside. Detective -Sargeant Mike Mavity of the Peel Police said “They needed people inside Air Canada to facilitate this theft.”

Date:  April 17, 2024

Source:  cbc.ca

 Link: https://www.cbc.ca/news/canada/toronto/pearson-airport-heist-arrests-1.7176041

Discussion points:

1) Why do you think the public is often fascinated by such stories as this one on a big heist?

2) Why would a theft like this one have required inside help?

3) In Chapter 7 of Wiley’s Financial Accounting: Tools for Business Decision-Making tells us a number of important things about internal control. Which of these do you believe would be most important in terms of hiring trusted help who would protect a company’s assets?