Implement Cash Receipts Best Practices to Deter AR Fraud

February 26, 2015

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AR fraud typically involves simultaneous manipulation of inventory and sales. AR fraud schemes perpetrated from within the department can include fictitious receivables, cash skimming, failure to write off receivables at the time of payment receipt, and improper writing down of receivables as bad debts. The following two examples, cited in a recent CPA Journal article,...

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