An accounts receivable clerk cashed a check received from a customer in payment of their account. the
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Question:
An accounts receivable clerk cashed a check received from a customer in payment of their account. the clerk kept the cash and concealed the theft posting a receipt in the customer's account.
a) describe how the separation of duties principle was violated.
b) suggest procedures to reduce the risk.
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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