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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

What types of frauds are typically found in the purchasing process?

Summary Introduction

To determine: The type of frauds found in the purchasing process.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

The type of frauds found in the purchasing process are as follows:

When an employee places an order or purchase goods for the business process and diverts it for personal use...

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