Implementing a system of independent checks is one of the most effective ways to deter fraud.Which one of the following is NOT a way of providing independent checks on employees?
A)Employee transfers
B)Audits
C)Mandatory vacations
D)Single endorsement on checks

Question

Quizplus · Accepted Answer

Single endorsement on checks means that only one employee is responsible for endorsing and depositing checks, which does not provide any independent checks. Employee transfers can ensure that different employees handle different aspects of financial transactions, audits can provide an independent review of financial records, and mandatory vacations can reveal any irregularities in financial activity during the absence of an employee.

Implementing a System of Independent Checks Is One of the Most