Here's the latest article from the Accounting site at BellaOnline.com.
After the Fact Controls or Real Time Controls
Improper segregation of duties triggers fraud. Internal controls should exist for each transaction cycle: Sales,
receivable & cash receipts cycle, puchases, payables and cash disbursements cycle, inventory and production cycle, personnel and payroll cycle, property, plant and equipment cycle.
http://www.bellaonline.com/articles/art48923.asp
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