A clerk embezzles customer payments on account and covers up the theft by making an adjustment to the accounts receivable ledger. Describe a specific internal control procedure that would prevent this fraud.

What will be an ideal response?


segregation of duties; do not let one person have custody of payments and the ability to make adjustments to the records; all adjustments to accounts receivable records must be authorized

PTS: 1

Computer Science & Information Technology

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Fill in the blank(s) with the appropriate word(s).

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Fill in the blank(s) with correct word

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