In order to prevent cash larceny at the point of sale, organizations should enforce separation of duties in the cash receipts process and make sure there are independent checks over the receipting and recording of incoming cash.

Question

Quizplus · Accepted Answer

Enforcing separation of duties and independent checks over cash receipts can help prevent cash larceny at the point of sale. This means, for example, having one employee responsible for handling cash and another responsible for recording transactions, as well as having periodic audits or reviews of cash receipts to ensure accuracy and detect any discrepancies.

In Order to Prevent Cash Larceny at the Point of Sale