Davis Company recently discovered that a payroll clerk had issued checks to nonexistent employees for several years

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Davis Company recently discovered that a payroll clerk had issued checks to nonexistent employees for several years and cashed the checks himself. The firm does not have any internal control procedures for its payroll operations. What specific controls might have led to the discovery of this fraud more quickly or discouraged the payroll clerk from even attempting the fraud?
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College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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