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 Kane, an employee of 10 years. Kane opens all cash receipts, credits the clients' accounts, and deposits the money at the bank.

The lack of segregation of function is a control weakness that poses the greatest fraud-related risk for this company.

Which of the following are the possible fraud concealments by Kane?

Group of answer choices

Cash receipts not deposited shown as reconciling items in bank reconciliation

[ Choose ] NO YES

Issuance of debit memos

[ Choose ] NO YES

Send confirmations to clients

[ Choose ] NO YES

Accept check payments from clients

[ Choose ] NO YES

Prepare adjustments on clients' accounts

[ Choose ] NO YES