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> It is also possible that there is nothing wrong with the financials, but there is wrong with the controls over the financials. Is it possible to have one wit
by jgalt212 6y ago
> It is also possible that there is nothing wrong with the financials, but there is wrong with the controls over the financials.
Is it possible to have one without the other?
- cosmie 6y agoYes. It's like finding a security vulnerability without any evidence it was exploited. Just because an AP clerk could embezzle money that way, doesn't mean that they've identified evidence of that happening. But now they've reported that lapse in financial controls (which may or may not have been addressed), and warned that there may be others.