Wednesday, January 20, 2010

A potential control for managing the risk of employee fraud is to send employees on mandatory vacations. Expla?

Somebody else has to manage the accounts or do the work while the employee is on vacation. It keeps a person from controlling everything, covering up discrepancies, or even being lazy and letting work get behind.





A fraud has to be maintained. If the fraudster is not there to continue the scam and continue the control and maintenance, it comes out.A potential control for managing the risk of employee fraud is to send employees on mandatory vacations. Expla?
Look, here is reality some employees are going to steal and cut corners anyway they can no matter if you send them on vacations or not!

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