An accounting manager, who has full access to a Company’s accounting system also has access to the bank account and is able to send cash payments without supervision. What is an internal control that should be implemented to reduce the risk of theft or fraud in this company?
An accounting manager, who has full access to a Company’s accounting system also has access to the bank account and is able to send cash payments without supervision. What is an internal control that should be implemented to reduce the risk of theft or fraud in this company?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9MC: What is the advantage of using technology in the internal control system? A. Passwords can be used...
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