Question: How is the term billing schemes defined and what are
How is the term “billing schemes” defined, and what are the three categories of billing schemes covered in this chapter?
Answer to relevant QuestionsWhat is the purpose of a shell company and how is it normally formed? What is a pay-and-return scheme? List three examples of how this type of fraud can be committed. What type of internal controls can be used to help prevent pay-and-return billing schemes? What are some methods of intercepting a check intended for a third party? Checks can be forged by several methods: free-hand forgeries, photocopies of legitimate signatures, and by obtaining access to an automatic check-signing mechanism. What are some controls an organization could institute to ...
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