Frauds in the cash disbursement function:
A) are less direct and more subtle than purchasing and accounts payable frauds
B) have decreased significantly due to a decrease in the number of checks being written
C) can be decreased or prevented by using digitally signed electronic payments
D) all of the above

Question

Quizplus · Accepted Answer

Digitally signed electronic payments can help prevent cash disbursement frauds by providing a secure and traceable method of payment. While A may be true (frauds in cash disbursement may be more subtle), there is not enough information to say that they are less direct than purchasing and accounts payable frauds. B is not entirely true as checks are still commonly used.

Frauds in the Cash Disbursement Function