Employee scheme my choice for employee scheme is when

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Employee Scheme My choice for employee scheme is when inflated amounts are recorded in non-arm's- length purchases. There are several ways this can be prevented or mitigated. The first way is to have independent documented verification of the asset’s value. It’s very difficult to say that the building has a value of $2.5 million when the bill of sale only shows $2 million. If the company insists on that independent documented verification, it can prevent fraudulent records. The second way prevent inflated amounts is to have the role rotated amongst multiple people. It is possible for one purchasing agent to develop a relationship with a vendor that includes kickbacks. It is harder to keep that going when the vendor is potentially dealing with a different purchasing agent each time. A third way to prevent inflated asset records is to keep the duties segregated. If the purchasing agent needs to turn in all of the paperwork to an accountant who then records it, the accountant will verify all of the numbers. The purchasing agent is not able to record fictitious amounts because they will not have access. Fraud Person For someone who commit fraud, all three legs of the fraud triangle need to be present. Those legs are motivation, opportunity, and rationalization. (Schuchter & Levi, 2016) Anyone
SHORT ANSWER PROBLEM SET 4 who is showing signs of all three should be watched carefully. The majority of people out there

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