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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › March/june 2017 exam
Hi sir, for march/june 2017 exam question 18(b) regarding the inventory system. The deficiency that states that ” high value inventory is stored in a secured area, and the access code is the same across all the sites.”
How does this increase the risk of fraud ? Could you explain ?
This also significantly increases the risk of theft right ?
Fraud/theft: not sure there’s a difference.
Risk is increased because an employee from any site could access high value inventory at any other site, or if an access code leaked out, it would work everywhere.
It’s a bit like having the same PIN on all your bank cards.