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Which of the following is an accurate statement regarding nonexistent employees?
xiaily
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Which of the following is an accurate statement regarding nonexistent employees?
Which of the following is an accurate statement regarding nonexistent employees?
▸ In order to prevent this type of fraud, the foreman should distribute the paychecks and approve the time cards.
▸ Records for all terminated employees should be destroyed to prevent this type of fraud.
▸ The person committing this type of fraud is generally the CEO or CFO of the company.
▸ This type of fraud often results from the continuance of an employee on the payroll after the employee has been terminated.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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This type of fraud often results from the continuance of an employee on the payroll after the employee has been terminated.
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xiaily
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Just got PERFECT on my quiz
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You make an excellent tutor!
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