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mombefor78 mombefor78
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A year ago
Which of the following is a correct statement regarding the misappropriation of receipts involving revenue?

▸ One of the easiest frauds to detect is when a sale is not recorded and the cash from the sale is stolen.

▸ If a customer's payment is stolen, regular billing of unpaid accounts can uncover the fraud unless the fraud perpetrator does something to hide the theft.

▸ Misappropriation of cash receipts is generally as material as fraudulent reporting of revenues.

▸ Analytical procedures can detect relatively small thefts of sales and related cash receipts.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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angelord2510angelord2510
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A year ago
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mombefor78 Author
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A year ago
Thanks
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decibul
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2 hours ago
Smart ... Thanks!
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