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dc.contributor.authorMathuva, David Mutua
dc.date.accessioned2017-11-09T09:14:28Z
dc.date.available2017-11-09T09:14:28Z
dc.date.issued2016-04
dc.identifier.urihttp://hdl.handle.net/11071/5557
dc.description.abstractBank reconciliation statements have traditionally served as an important control tool in detecting anomalies either in the cash book and or the bank statements. Whereas there may exist a number of anomalies in the cash book maintained by the company, there are usually few (or no) anomalies in the bank statement. In my experience with a number of corporate frauds, bank reconciliations have in most cases been least useful in tracking where fraudulent activity could have started. I have encountered companies that have had to do with “cooked” bank reconciliation statements for over two years, that is, 24 months! This period is enough to defraud the company a significant amount of money without anyone noticing.en_US
dc.description.sponsorshipArticle published in the ICPAK Accountant Journal March/April issue 2016en_US
dc.publisherICPAKen_US
dc.titleThe Fading role of bank reconciliation in fraud prevention and detectionen_US
dc.typeArticleen_US


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