Lesson plan
Post void
In the context of point-of-sale and accounting systems, the term post void is a transaction which cancels, or deletes entirely, a previously completed transaction. The distinction is that the transaction being voided is one that has already been completed, versus one that is still in the process of being made. The ability to post-void a transaction is normally restricted to supervisory personnel. Although the capacity to perform such a transaction is not necessarily fraudulent, there are many scenarios of employee theft, embezzlement, and so-on which could be enabled in part by the intentional misuse of this capability. Auditors and loss prevention departments routinely scrutinize these transactions very closely for this reason.
Article summary
In the context of point-of-sale and accounting systems, the term post void is a transaction which cancels, or deletes entirely, a previously completed transaction. The distinction is that the transaction being voided is one that has already been completed, versus one that is still in the process of being made. The ability to post-void a transaction is normally restricted to supervisory personnel. Although the capacity to perform such a transaction is not necessarily fraudulent, there are many scenarios of employee theft, embezzlement, and so-on which could be enabled in part by the intentional misuse of this capability. Auditors and loss prevention departments routinely scrutinize these transactions very closely for this reason.
Key claims
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Discussion questions
- Summarise the article in your own words. Which single claim would you verify first, and why?
- Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
- If two sources disagreed about one of these facts, what would you need in order to trust one over the other?
Bibliography
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Key claims and bibliography are generated from the same tracked claims and sources as the article page.