Financial Specialist Question: Download Questions PDF
Tell us why is it easier for someone to perpetrate fraud using a journal entry than with a ledger?
Answer:
Accounting professionals, particularly those who have managed ledgers or worked as full-charge accountants for more than a couple of years, should be able to speculate on this scenario. A candidate with more formal training specific to auditing or fraud analysis will likely explain this thoroughly and be able to provide examples.
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