What internal control or procedure(s) would provide protection against the following threats?
What internal control or procedure(s) would provide protection against the following threats?
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash
receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 2SP
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Question
What internal control or procedure(s) would provide protection against the following threats?
- Customers are billed for the quantity ordered, but the quantity shipped is actually less because some items have been back ordered.
- The mailroom clerk steals checks and then endorses them for deposit into the clerk’s personal bank account
- Goods are shipped to a customer, but that customer is not billed.
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