You are an accounts payable clerk for a small home improvements contractor. Speculate on the type of fraud that could be in process here. What (if anything) could you do to ascertain the propriety of the transaction and still make the payment today?
Answer to relevant QuestionsKludney Incorporated has the following processes related to purchasing.Required:1. Draw a document flowchart of the purchase processes of Kludney. 2. Identify any weaknesses in internal controls within the purchase ...Why do you think management should specifically approve all employees hired? Explain the necessity of supervision over fixed assets. Read the article at this link: http://www.itnews.com.au/News/121683,in-car-spy-units-to-catch-misuse.aspx Describe any ethics considerations in using such technology. Consider both the company and employee perspectives. Also ...Fixed assets are purchased and retired frequently. Given this frequent change, why are clear accounting records of fixed assets necessary?
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