In the Fraud and the Accounts Payable Function section, we described a fraud committed by Stanley and

Question:

In the “Fraud and the Function” section, we described a fraud committed by Stanley and Phoebe and another by Veronica. For each fraud, describe controls and technology that could reduce the risk of those frauds occurring.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...