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Irregularities to Look for in Cash and Payroll

What irregularities should a fraud examiner look for in areas within a firm where physical cash is used?

What irregularities should a fraud examiner look for in the payroll function within a firm?

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Q1) Look for a decreasing amount of cash to total assets, also lesser amounts of dollars to credit card and check sales. Declining or flat sales with more costs, larger than usual amounts of stock or receivables compared to physical cash are a sign. Lastly, delayed postings of receivable postings to the accounts could mean trouble. Also forged deposit ...

Solution Summary

The solution answer in paragraph form, giving 212 words on red flags to watch out for in the payroll function and areas where physical cash is used in a firm.

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