Final answer:
Frauds in the cash disbursement function can be less direct and more subtle than other types of fraud. The use of digitally signed electronic payments can help decrease or prevent such fraud. Therefore, the correct answer to this question is option d. All of the above.
Step-by-step explanation:
Frauds in the cash disbursement function can be less direct and more subtle than purchasing and accounts payable frauds. This is because cash disbursement fraud often involves manipulation of the system or misappropriation of funds rather than directly forging checks or invoices.
In recent years, there has been a decrease in the number of checks being written due to the rise of digital payments. However, this does not necessarily mean that cash disbursement frauds have decreased significantly.
In order to decrease or prevent fraud in the cash disbursement function, organizations can implement measures such as using digitally signed electronic payments. These payments are more secure as they require digital signatures for authorization, making it harder for fraudsters to manipulate or misappropriate funds.
Therefore, the correct answer to this question is option d. All of the above.