Question: The following is a situation where an error or fraud has occurred. You are to recommend one or more internal controls to prevent or detect
The following is a situation where an error or fraud has occurred. You are to recommend one or more internal controls to prevent or detect error or fraud.
Duncan Fisher, the employee responsible for processing purchases, started a fictitious company and processed a purchase transaction for that company. The cash disbursements processor processed the check to pay the invoice and the controller signed the check and mailed it to fictitious company.
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