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  3. 1.)non cash misappropriations of assets may be pre

1.)non cash misappropriations of assets may be prevented or detected by:- segregation of duties ...

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Accounting

1.)
non cash misappropriations of assets may be prevented or detected by:
- segregation of duties
- matching invoices to receiving reports before payemnts are issued
- matching packing slips to approved sales orders
- matching every outgoing shipment to the sales order before the merchandise is shipped
- examining significant increases in bad debt expense
- all of the above
2.)
which of the following is false
- weak internal controls breed fraud
- red flags will always indicate fraud
- fraud investigators and auditors should practice professional skepticsm
- at first the perpetrator will lie to you
- regular everyday people commit fraud

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