Egon Pty Ltd's accounts payable department has undergone some changes in recent times. The manager of the department, Jane Watts, has gone on maternity leave and has not been replaced. Her duties were to authorise the accounts payable prior to payment. The cashier, Betty White, has taken extended leave from Egon Pty Ltd to travel around Australia, hence Layla Wyman, the accounts payable clerk, is ensuring all accounts are paid and up to date. Consider this scenario when answering the following questions: 

i. Identify the threat to Egon Pty Ltd and explain why it is a threat. 

ii. What should be done to mitigate this threat? Discuss.

Answer rating: 100% (QA)

i The threat to Egon Pty Ltd is the lack of segregation of duties in the accounts payable department ... View the full answer