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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

There are many opportunities for fraud within the OE/S process. One of these opportunities is the use of the system to fraudulently ship goods to an employee, posing as a customer. Describe the controls that can be implemented to reduce the likelihood that this fraud will occur.

Summary Introduction

To explain: The control that can reduce the likelihood of this fraud to occur.

Introduction:

OE/S process:

It is known as the order entry/sales process. It describes the first four steps of the order-to-cash process.

Explanation

The control that can reduce the likelihood of this fraud to occur:

The control measure can be adopted in the form of separation of duties.

  • The authorization to develop the credit and creating the customer master records can be assigned to a person other than the sales order personnel. The customer record will be maintained by a separate team of the marketing department...

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