Total of these items cost jeff no more than 50 b

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total of these items cost Jeff no more than $50.b)Fraud is a misleading conduct committed with the goal of gaining an illegal advantage for theperpetrator or depriving a victim of a right. Fraud involves deceit with the intention to illegally orunethically gain at the expense of another. Fraud costs the economy billions of dollars each andevery year, and those who are caught are subject to fines and jail time. The privacy of thecustomer is hampered in fraudulent activates as they are made to believe in things that are nottrue. There is high risk as people tend to believe in what others say without knowing exactly whatis true.Fraud risk management failure can have the following impacts: Consumer and customer trust islost or not earned. Under-utilization of website or online payment process due to consumers’ andcustomers’ lack of trust Penalties for violations of laws and regulations Damage to brand andreputation if fraud occurs Decreased stock price if fraud occurs Crisis management costs if fraudoccursIt can be mitigated by:Implement Effective Billing Practices Ensure that the merchant has implemented appropriatebilling practices in order to mitigate unnecessary charge backs. Ensure that the company namethat is printed on the customer’s billing statement is accurate, clear and concise.Implement Effective Billing Practices Ensure that the merchant has implementedappropriate billing practices in order to mitigate unnecessary charge backs.
Ensure that the company name that is printed on the customer’s billingstatement is accurate, clear and concise.Monitor and Record Customer Shopping HabitsTrack the sources of physical and site guests. Track buy designs of enlistedclients. This sort of information can give an important establishment for focusingon false exchangesc)Yes, I agree with system deficiency in this case. I wouild recommend the following appropriatechange for the effective accounting system:Reconciliation should be done on time.No, you don't have to do it right now, but reconciling accounts payable and receivable toyour financial statements and balance sheet will be a lot simpler if you do it a bit at a timeat the end of each month. The alternative (reconciling at the end of the fiscal year) seemsworse.Establish and adhere to cutoff policies.We've already stated it, but it's critical to have a system of rules and cutoffs in place forfiling invoices, reimbursements, and other documents, and to properly enforce them.Accounting procedures are guided by business rules, which must be followed.Ensure that accounting and reporting are in sync.This is a critical stage for any firm of any size. You'll probably need to prepare reports inthe accounting department for not just your own department and record keeping, but alsofor particular departments, executives, and filing and tax preparation. A consistentreporting and data management system is required to ensure that work is not duplicated asa result of formatting requirements or technological issues.

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