68.7k views
2 votes
What are fraudulent credit approvals for accounts receivables and how can they be prevented?

1 Answer

5 votes
Fraudulent credit approval occurs when a dishonest employee intentionally grant credit accounts to fictitious customers. This type of fraudulent act can be prevented by requiring credit approval prior to shipment.
User Yoraco Gonzales
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories