Libby Felten, CPA, CGMA
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Author: LFCPA

Voiding a check

Would you void a check in pencil? Check voiding is a basic function in accounting, so you can imagine the surprise upon learning that a company with $6 million in revenues was voiding checks in pencil.  To add to the risk, the word “void” was written in small letters in the center of a live,…

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January 7, 2018LFCPAaccounting fraud, checks, internal control, small business, void
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