Inadequate records of cash by the company can provide opportunity for fraud.

Name: Inadequate records of cash by the company can provide opportunity for fraud.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Inadequate records of cash can provide an opportunity for fraud because they make it easier for employees or others to steal cash without detection. Proper record-keeping is an essential internal control that helps to deter and detect fraudulent activity.

Inadequate Records of Cash by the Company Can Provide Opportunity