A fraudulent sales order was prepared by an order entry clerk in an attempt to steal merchandise from an organization.  This fraud would most likely be detected by:   Question 6 options:   Using pre-numbered sales orders.   Verifying that the sales order has been prepared correctly.   Requiring that all sales orders by supported by an approved customer purchase order.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 10CYBK
icon
Related questions
Question

A fraudulent sales order was prepared by an order entry clerk in an attempt to steal merchandise from an organization.  This fraud would most likely be detected by:

 

Question 6 options:

 

Using pre-numbered sales orders.

 

Verifying that the sales order has been prepared correctly.

 

Requiring that all sales orders by supported by an approved customer purchase order.

 

Proper segregation of duties.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Frauds in Accounting information system (AIS)
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning