Which of the following situations would indicate a susceptibility to fraud that pertains to theft of cash?

Question

Quizplus · Accepted Answer

Lack of segregation of duties between the handling of cash and the recording of cash means that one person is responsible for both handling and recording cash, making it easier for them to manipulate the records and steal cash without being caught. This increases the susceptibility to fraud pertaining to theft of cash.

Option B pertains to the authorization of cash disbursement cheques and may impact the risk of fraudulent payments but not specifically theft of cash. Option C pertains to payroll rates which is not directly related to cash theft. Option D pertains to customer master file changes and does not indicate any susceptibility to fraud pertaining to theft of cash.

Which of the Following Situations Would Indicate a Susceptibility to Fraud