Discuss the potential for abuse and fraud in this system. Describe the controls that should be implemented to reduce the risks.
Expenditure Cycle
Provide what is being asked in the problem.
Holder Co. maintains a large fleet of automobiles, trucks, and vans for its service and sales force. Supervisors in the various departments maintain the fixed asset records for these vehicles, including routine maintenance, repairs, and mileage information. This information is periodically submitted to the fixed asset department, which uses it to calculate
Discuss the potential for abuse and fraud in this system. Describe the controls that should be implemented to reduce the risks.
Step by step
Solved in 2 steps
