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he Accountant of Coopers limited, a medium sized company was given the additional role of recovering debts. He received an insurance claim of 2 million
he Accountant of Coopers limited, a medium sized company was given the additional role of recovering debts. He received an insurance claim of 2 million which was credited to the account of debtors and the sum of 2 million received in cash from debtor was misappropriated. Required: Highlight the internal control system weaknesses which gave rise to this situation at Coopers Limited
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
