E7-10 A grand jury indicted the manager of a Hickory Stick restaurant for stealing cash from the
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E7-10 A grand jury indicted the manager of a Hickory Stick restaurant for stealing cash from the company. Over a 3-year period, the manager allegedly took almost $100,000 and attempted to cover the theft by manipulating the bank reconciliation. What is the most likely way that a person would manipulate a bank reconciliation to cover a theft? Be specific. What internal control arrangement could have avoided this theft?
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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