The bookkeeper entered an adjusting entry as DR. Depreciation Expense and CR. Cash. Further investigation indicated that the bookkeeper and the cashier colluded to withdraw $10,000 (the amount of Depreciation Expense) from the company's bank account and forged necessary documents to perpetuate this crime. At the time when this was discovered, the bookkeeper and the cashier already absconded. As the accounting software consultant, what can you recommend to avoid this event from happening again? Group of answer choices Establish pairings of account titles of certain transactions, and unsual pairings of account titles can be labeled as adjusting entries The General Manager should always monitor the entries made by the bookkeeper All of the above None of the above

The bookkeeper entered an adjusting entry as DR. Depreciation Expense and CR. Cash. Further investigation indicated that the bookkeeper and the cashier colluded to withdraw $10,000 (the amount of Depreciation Expense) from the company's bank account and forged necessary documents to perpetuate this crime. At the time when this was discovered, the bookkeeper and the cashier already absconded. As the accounting software consultant, what can you recommend to avoid this event from happening again? Group of answer choices Establish pairings of account titles of certain transactions, and unsual pairings of account titles can be labeled as adjusting entries The General Manager should always monitor the entries made by the bookkeeper All of the above None of the above

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 25RQSC

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