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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 is the relationship between fraud and internal control?

Summary Introduction

To explain: The relationship between internal control and fraud.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

Explanation

The relationship between internal control and fraud:

A fraud is an activity where a company loses its revenue through untraceable means. A fraud is likely to happen when there are no appropriate internal controls in place. A good internal control will know the possible means through which a fraud can take place...

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