Money can be made illicitly by employees by issuing false discounts, false sales returns, writing off false bad debts, omitting cash received, issuing higher than actual accounts owing statements to customers, so it advisable to have at least one person for accounts receivable bookkeeping, one person for cash receipt recording, one person for accounts owing issuing to customers. Collusion could be a problem. Examples of ethical problems , where intention is not to steal money but to assist marketing , include to overstate turnover, such as in the recent (2010) IT outsourcing industry scandal.
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ethical issues with receivables
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