Fraud Examiner: Accounts payable irregularities
Not what you're looking for?
What irregularities should a fraud examiner look for in the accounts payable area of a firm?
Purchase this Solution
Solution Summary
The 291 word cited solution provides a list of 11 types of procedures each explained in a sentence or two.
Solution Preview
Accounts payable fraud could be identified using the following methods:
1. Review the control system to determine that it is adequate to minimize fraud.
2. Test the control system procedures to determine that they are being used properly. Both of these first two are often part of an internal control review before an audit might begin.
3. Using a sample population, view the paid bills for invoice support and approval procedures. The approval should be a different person from the one who ...
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Introduction to Finance
This quiz test introductory finance topics.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.