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Forensic Accounting

Category - Specialized Forensic Knowledge

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What controls exist to prevent fraud in receivables?

Maintain a money trail
Discuss the matter with debtors
List every debtor
Visit debtors at their offices

Explanation

Answer: A - Maintaining a money trail is a control used to prevent fraud related to receivables. To prevent or reduce the risk of fraud, it is important to be aware of and monitor the actual receivables balance.

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Forensic Accounting

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Forensic Accounting

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