The Chief Financial Officer of your client is concerned that a member of the payable group is living beyond his means and that the pattern of payments in this department does not correlate to that of previous years. He has asked your audit team to perform a special review of the AP system to look for any irregularities.
Purchase/payment fraud is one of the more common types of fraud in an organization. Many frauds in this area involve the manipulation of the payment information — for example, the creation in the ledger of a fictitioussupplier, or reactivating a dormant account. Particularlyvulnerable are miscellaneous accounts. However, you must not overlook fraud perpetrated on a genuine supplier’saccountwith or without the supplier’s collusion.
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im accountant....handling 6 gst account and 7 non trading ans small business account currently . and finalize all then for gst return and incom tax return with tds entry. and likr to handle bank entities ..
Hi there, I have handled different type of client under my articleship and having the extensive knowledge of accounting and finance.I am bidding on lower side because I am in initial stage of freenlancing carrer