Fraud Detection and Prevention: Fraud Through Employee Reimbursements
Withum
NOVEMBER 3, 2022
In past years, the annual audit was performed by a CPA who was an income tax practitioner. As was usual in its audit practice, ACME CPAs designed procedures to test employee reimbursements. Sherry properly reviewed and approved employee expense reimbursements and paid them timely and accurately through payroll.
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