You have been hired by a small firm to analyze its Accounts Receivable department and assess how susceptible it is to fraud. The company operates a table manufacturing facility. The only employee in Accounts Receivable is Joanne, an employee of $10$ years. Joanne opens all cash receipts, credits the client$$s accounts, and deposits the money at the bank.

What fraud$-$related risks does this company face? Please explain.

What changes, if any, should be made? Please explain