At most movie theaters, one employee sells tickets and another employee collects them. One night, when youre

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At most movie theaters, one employee sells tickets and another employee collects them. One night, when you’re at the movies, your friend comments that this is a waste of the theater’s money.
Required:
1. Identify the name of the control principle to which this situation relates.
2. Explain to your friend what kind of fraud could occur if the same person did both jobs.
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Related Book For  book-img-for-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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