Opportunities for employee fraud arises when
A) an employee is in charge of purchasing, inspecting, and recording assets.
B) employees verify each other's work.
C) an employee has clear documentation procedures.
D) an employee is responsible for making the daily cash bank deposit.

Question

Quizplus · Accepted Answer

When an employee is in charge of all three aspects of purchasing, inspecting, and recording assets, they have the opportunity to manipulate these processes for personal gain, allowing for the potential of fraud.

Opportunities for Employee Fraud Arises When