Opportunities for employee fraud arises when:

Question

Quizplus · Accepted Answer

When an employee is in charge of purchasing, inspecting and recording assets, they have the opportunity to falsify records or manipulate transactions for their own benefit. This is known as asset misappropriation and is one of the leading forms of employee fraud. Employees verifying each other's work, having clear documentation procedures, or being responsible for making daily cash bank deposits do not necessarily create the same opportunities for fraud.

Opportunities for Employee Fraud Arises When