For each of the following risks suggest a control that could be used to reduce : a
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Question:
For each of the following risks suggest a control that could be used to reduce :
a . Clerk took the money received from the clients and did not record in the books
b . The storekeeper used the empty boxes to disguise the goods that they have brought out of the warehouse
c . Paying for goods that have not been received ; Preparing the cheque for the fraudulent invoice
d . Selling to a customer with and overdue account ; Selling to customers at prices lower than the prices listed
e . Odering too much of a product ; Ordering from a nonexistent supplier
f . Entering negative values for order quantity in a sales order
Expert Answer:
a b c d e f Cash clerk must not be allowed to make accounting entries The function of maintaining ca... View the full answer
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