Organizations frequently use procurement cards (often referred to as P-cards) to purchase goods or services using processes
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REQUIRED
a. Visit the Fraud Magazine website ( www.fraud-magazine. com ) and search for the November/December 2011 article "Preventing, Detecting, and Investigating Procurement Card Abuse" by using the search string "procurement card abuse."
b. Identify three preventative and three detective internal controls related to the use of P-cards.
c. Briefly describe the purpose of each internal control identified in part (b).
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Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133405507
13th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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