Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann

Exercise 16

Mr. White serves as financial secretary and treasurer of a church in a small town. His responsibilities include maintaining all accounting records, receiving pledge income and plate collections, and making disbursements for all church expenses.
Mr. White, who is 71 years old, is a lifelong member of the church and is highly respected in the community. He took over the unpaid job 15 years ago after retiring from the military and after his predecessor died. The church officers always have been full of praise for the manner in which Mr. White performed, but lately there has been some concern because of his failing health. No one has been found to help Mr. White with the work.
Required:
Discuss the risks inherent in Mr. White's position in the church.