Which of the following controls could mitigate accounts receivable skimming efforts?
A) Requiring receipts to be submitted
B) Requiring manager approval for cash and check disbursements
C) Implementing segregation of duties so that employees receiving payments do not also send invoices to customers
D) Implementing segregation of duties so that employees executing sales do not also perform inventory counts and write-offs

Question

Quizplus · Accepted Answer

Implementing segregation of duties so that employees receiving payments do not also send invoices to customers can mitigate accounts receivable skimming efforts by reducing the opportunity for an employee to misappropriate funds without detection.

Which of the Following Controls Could Mitigate Accounts Receivable Skimming