Respuesta :
It dictates that the remittance advice should be sent to the controller's office for recording and cash should be deposited daily and intact.
The treatment of individuals inside a company is key to long-term fraud prevention. Genuine concern for the professional and personal needs of their subordinates and fellow managers can be demonstrated by managers and supervisors at all levels, and subordinates can reciprocate by showing concern for one another and their bosses.
Missing cheque cancellations raise suspicion. However, banks no longer give their customers their cancelled cheque back. Instead, copies of the cheque fronts are sent with the bank statement, which is frequently received online. This information is adequate for account reconciliation, but it does not contain the details that could help a business or auditor identify or look into potential frauds.
The risk of a major misstatement for each pertinent assertion discovered for the cash balance must always be taken into account when evaluating the architecture of internal controls relating to cash.
To know more about employee fraud refer to the given link:
https://brainly.com/question/28268974?referrer=searchResults
#SPJ4
