At most movie theaters, one employee sells tickets and another employee collects them. One night, when youre
Question:
Required:
1. Identify the name of the control principle to which this situation relates.
2. Explain to your friend what kind of fraud could occur if the same person did both jobs.
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Req 1 The control principle is segregation of duties and the objective is to prevent or detect unau...View the full answer
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 9780073527109
3rd Edition
Authors: Fred Phillips, Robert Libby, Patricia A Libby
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