Why can't cashbook be used to prevent fraud?
submitted by bimpe

ElkHunter

Generally speaking, any software that does not have an "audit trail" is insufficient for preventing fraud. Embezzlement is something that hits 1 in 4 companies, but goes unnoticed in most cases. An accounting software package with an audit trail (such as Visual Bookkeeper), will keep an un-alterable record of financial transactions. If a secretary decided to lower the total amount of an incoming check, and keep the difference for him/herself, the audit trail would show that they altered the check.