Assume you are an auditor of ABC Corporation. In the process of talking to the employees of ABC you have found out that there is concern that the Director of Purchasing is steering Purchase Orders to a personal friend who is “kicking back” some portion of the profit on the sale to the Director. 

Required: Identify three controls that ABC should have in place to prevent or reduce the probability of such things happening.

Answer rating: 100% (QA)

It is vital to a company large or small to possess a fraud prevention plan in situ The fraud cases studied within the ACFE 2014 Report revealed that the fraudulent activities studied lasted a median o... View the full answer