The treasurer of a local not-for-profit organization was found guilty today of defrauding the organization of thousands
Question:
a. What three basic guidelines regarding a good system of internal control for cash were not observed?
b. What corrective action should the organization take in the future?
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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