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1.) non cash misappropriations of assets may be prevented or detected by: - segregation of duties - matching invoices to receiving reports before payemnts are
1.)non cash misappropriations of assets may be prevented or detected by:- segregation of duties - matching invoices to receiving reports before payemnts are issued - matching packing slips to approved sales orders - matching every outgoing shipment to the sales order before the merchandise is shipped - examining significant increases in bad debt expense - all of the above 2.) which of the following is false - weak internal controls breed fraud - red flags will always indicate fraud - fraud investigators and auditors should practice professional skepticsm - at first the perpetrator will lie to you - regular everyday people commit fraud
non cash misappropriations of assets may be prevented or detected by:
- segregation of duties
- matching invoices to receiving reports before payemnts are issued
- matching packing slips to approved sales orders
- matching every outgoing shipment to the sales order before the merchandise is shipped
- examining significant increases in bad debt expense
- all of the above
2.)
which of the following is false
- weak internal controls breed fraud
- red flags will always indicate fraud
- fraud investigators and auditors should practice professional skepticsm
- at first the perpetrator will lie to you
- regular everyday people commit fraud
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