Identify two ways in which reconciliation exercise can be used as a tool to detect and Prevent

Fantastic news! We've Found the answer you've been seeking!

Question:

Identify two ways in which reconciliation exercise can be used as a tool to detect and Prevent Fraud?
n

Related Book For answer-question

Fundamentals of Thermal-Fluid Sciences

ISBN: 978-0078027680

5th edition

Authors: Yunus A. Cengel, Robert H. Turner, John M. Cimbala

See More Books

Posted Date: Jun 20, 2021 09:46 PM

See More Questions

Identify two ways in which the SBA provides financial assistance to small businesses.
Identify three statistics that can be used as a basis for testing the utility of a regression.
A circular loop of wire can be used as a radio antenna. If a 18.0-cm-diameter antenna is located 2.50 km from a 95.0-MHz source with a total power of 55.0 kW, what is the maximum emf induced in the...
Heating oil futures contracts are traded on the New York Mercantile Exchange (NYM), a division of the CME Group. The standard contract size for heating oil futures is 43,600 gallons per contract. You...
What are the main arguments used by nations to justify protection for particular industries? Which are economic, and which are noneconomic?
For 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the year, Leif Grando, the president, is...
Cobalt has one stable isotope, ${ }^{59} \mathrm{Co}$. What are the likely decay modes and daughter nuclei for (a) ${ }^{56} \mathrm{Co}$ and (b) ${ }^{62} \mathrm{Co}$ ?
The following footnote was disclosed at the beginning of 2016 (January 1, 2016). The capital lease began on January 1, 2015 when the fair value of the capital lease was $21,776 (with a six-year...
The acknowledgement that management is responsible for the preparation of the financial statements and ensuring that the statements give a fair presentation of the company's financial position is set...
You are trying to evaluate whether an existing, idle distillation column can be used for a separation for which it was not originally designed. Answer the following questions about this column: a....
Is there an angle such that sin(0) = 0 and tan (0) <0? Give an example if one exists, or explain why no such example is possible.
Suppose two muons ( sub - atomic particles ) having equal but opposite charges are separated by 6 . 4 0 x 1 0 - 8 m . If the magnitude of the electric force between the charges is 5 . 6 2 x 1 0 - 1 4...
Selected account balances for Hulse Company at January 1, 2014, are presented below. Accounts Payable Accounts Receivable Cash Inventory $14,231 21,594 17,910 14,485 Hulse's sales journal for January...
6. (5 marks) Draw two distinct graphs G1 and G2 on 7 vertices (a, b, c, d, e, f, g} such that (a) a depth-first search starting at a of G visits the vertices of G in the same order as a breadth-first...
It is not enough to look only at the sales-related variances to evaluate the sales strategy but also variances that are influences by the sales strategy. Variances that are influenced by the sales...
You would like to have around $10,000 in an account after eight years' time. If the account earns 2.5% compounded interest yearly, how much would you have to deposit today?
Exercise 3 - Doubly Linked Lists 1. Open Double LinkedNode.java and BuildDLL.java in Eclipse and examine the code in both classes. 2. The Double LinkedNode class is complete and does not have to be...
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
For which solid is the lumped system analysis more likely to be applicable: an actual apple or a golden apple of the same size? Why?
A 4kW resistance heater in a water heater runs for 3 hours to raise the water temperature to the desired level. Determine the amount of electric energy used in both kWh and kJ.
Commercially available large wind turbines have blade span diameters larger than 100 m and generate over 3 MW of electric power at peak design conditions. Consider a wind turbine with a 60-m blade...
Last year, Miley decided to terminate the S corporation election of her solely owned corporation on October 17, 2018 (effective immediately), in preparation for taking it public. At the time of the...
You have been assigned to compute the income tax provision for Motown Memories Inc. (MM) as of December 31, 2019. The companys income statement for 2019 is provided below: MM prepared the following...
Chandra was the sole shareholder of Pet Emporium, which was originally formed as an S corporation. When Pet Emporium terminated its S election on August 31, 2018, Chandra had a stock basis and an...

Identify two ways in which reconciliation exercise can be used as a tool to detect and Prevent

Question:

Expert Answer:

Bank reconciliations are an essential internal control tool a... View the full answer

Fundamentals of Thermal-Fluid Sciences

Students also viewed these accounting questions