CAT / FIA FBT Syllabus C. Accounting And Reporting Systems, Controls - Weaknesses in Accounting Systems - Notes 4 / 7
WEAKNESSES, POTENTIAL FOR ERROR AND INEFFICIENCIES IN ACCOUNTING SYSTEMS
Cash or cheques going missing
Excessive bad or doubtful debts
Customers not paying within credit terms
Suppliers not being paid on time
Unauthorized purchases being made
Failure to produce accounts or other reports at the specified time
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Syllabus C. Accounting And Reporting Systems, Controls
C5. Financial systems, procedures and related IT applications
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Improvements to Accounting Systems
Syllabus C. Accounting And Reporting Systems, Controls
C5. Financial systems, procedures and related IT applications