Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT a wayof providing independent checks on employees? A) Employee transfersB) AuditsC) Mandatory vacationsD) Single endorsement on checks

Answer: The correct answer is d. Single endorsement of checks

Explanation: To achieve independent checks employees can be transfered, made to go on mandatory vacation or periodical audit done.

However, single endorsement of checks creates room for fraud as the employee will be at liberty to access the companies fund without checks and balances.