A person who controls or has access to an asset must not keep that asset's accounting recordsThis principle reduces the risk of theft or waste of an asset because the person with control over it knows that another person keeps its recordsAlso, a recordkeeper who does not have access to the asset has no reason to falsify recordsThis means that to steal an asset and hide the theft from the records, two or more people must collude—or agree in secret to commit the fraud. Some payroll cash checking services require fingerprint ID before the payroll check is cashed

Walmart and target are the only stores in a remote town that currently stock and sell the playstation 5 video game console. managers at both stores are simultaneously deciding whether to charge a price of $1,000 or $1,500 for each console. if both stores charge $1,000, they earn a profit of $100,000 each. if both stores charge $1,500, they earn a profit of $200,000 each. if one store charges $1,000 and the other store charges $1,500, the store that charges $1,000 earns a profit of $250,000 and the firm that charges $1,500 earns a profit of $50,000. if walmart and target they can both charge $1,500 and earn the highest combined profit available. engage in spirited price competition collude with each other privately undercut each other after making an agreement compete with each other only with regard to price and not quantity compete with each other only with regard to quantity and not price