How could a dishonest purchasing agent cheat his company

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Reference no: EM13944062

Answer the following questions about internal control over cash payments:

1. Payment by check carries three controls over cash. What are they?

2. Suppose a purchasing agent receives the goods that he purchases and also approves payment for the goods. How could a dishonest purchasing agent cheat his company? How do companies avoid this internal control weakness?

Reference no: EM13944062

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