Payroll is where most of the fraudulent activity occurs in businesses. Accountants use Segregation of Duties to
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Question:
Payroll is where most of the fraudulent activity occurs in businesses. Accountants use Segregation of Duties to safeguard company assets.
REQUIRED:
Research Segregation of Duties and prepare a Memo to your company executive.
In the Memo you will:
Give a definition describe Segregation of Duties SOD
List down types of SOD.
Provide a solution for the Red Flag. Is it okay to have one person that has access to a bank account, single signee of the Cheque Book and control of Payroll? discussion should be at least lines.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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