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Question
What steps can be taken against financial accounting fraud?
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Solution
An organisation can take the following steps to defend itself from misleading accounting:
- Thoroughly check all worker's curriculum vitae and references.
- Create and communicate a whistle blower policy.
- Limit and thoroughly monitor access to sensitive information.
- To control access to systems and buildings, use a unique identification and password.
- Employee jobs are rotated.
- Clearly separate responsibilities.
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