Consider the list of common schemes relating to cash payments that is mentioned in the textbook. How
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Question:
- Consider the list of common schemes relating to cash payments that is mentioned in the textbook. How would a skeptical auditor answer the following questions?
- How would an employee go about purchasing merchandise and recording the sale at an unauthorized discounted amount?
- How would an employee record a fictitious discount to cover up their theft of cash?
- What actions would an employee have to take to write a check to a fictitious vendor and deposit the check into an account that he or she controls that has been set up in the name of the fictitious vendor?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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