A majority of the economic transactions in which you participate on a daily basis are currently accounted for by some sort of Point of Sale (POS) information system. From buying groceries to going to a casino, POS systems are being used to track and control all aspects of both financial and operations management.
Conduct research to answer the following:
What is a point of sale system?
In your opinion, does a point of sale system increase or decrease the likelihood that cash will be stolen by employees? Explain.
What additional features of a traditional POS system are likely to be beneficial to conducting a professional audit?
Cite your sources using APA style guidelines