Answer:
- This type of fraud is check tampering
- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses
- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.
Explanation:
Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.
In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.
Various internal control measures can be taken to prevent this and they are listed above
Answer:
The correct answer is a.Special service funds
Explanation:
This corresponds to funds used for social investment. All financial resources of a tax and non-tax nature that are generated, obtained or originated in the production or provision of goods and services that the Executing Units or public entities carry out, in accordance with the Law. They are oriented to the attention of public budget expenditures.
I believe the answer is D!
Have a Warm and Wonderful Day!!
Answer:
i am too like i feel dead bored
Explanation:
Complex decision often needed to be done by cutting off several corners for the most efficient decision to be enactdd.
For example, during the period when business slowed down, one of the most efficient method to maintain the level of profit is simply by cutting down excessive amount of empployees, but that action is considered unethical
