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Ch11 - 1Chapter 11 Fraud Auditing 11-20 a(3 b(4 c(1 d(2...

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1 Chapter 11 - Fraud Auditing 11-20 a.(3) b.(4) c.(1) d.(2) 11-21 a.(1) b.(4) 11-22 a.(1) b.(1) c.(1) 11-23 1. Incentives/Pressures 2. Opportunities 3. Opportunities 4. Opportunities 5. Attitudes/Rationalization 6. Incentives/Pressures
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11-25. a. DEFICIENCY RECOMMENDATION 1. There is no basis for establishing the documentation of the number of paying patrons. Prenumbered admission tickets should be issued upon payment of the admission fee. 2. There is no segregation of duties between persons responsible for collecting admission fees and persons responsible for authorizing admission. One clerk (hereafter referred to as the cash receipts clerk) should collect admission fees and issue prenumbered tickets. The other clerk (hereafter referred to as the admission clerk) should authorize admission upon receipt of the ticket or proof of membership. 3. An independent count of paying patrons is not made. The admission clerk should retain a portion of the prenumbered admission ticket (admission ticket stub). 4. There is no proof of accuracy of amounts collected by the clerks. Admission ticket stubs should be reconciled with cash collected by the treasurer each day. 5. Cash receipts records are not promptly prepared. The cash receipts should be recorded by the cash receipts clerk daily on a permanent record that will serve as the first record of accountability. 6. Cash receipts are not promptly deposited. Cash should not be left undeposited for a week.
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