Question: There are four ways in which fraudulent invoices are approved
There are four ways in which fraudulent invoices are approved for payment. What are they?
Answer to relevant QuestionsWhy does collusion among employees in the purchasing process make it very difficult to detect billing schemes? How does an employee make personal purchases on company credit cards, purchasing cards, or running charge accounts? Assume there are two thefts of checks at ABC Company. In the first case, an employee steals an outgoing check that is drawn on ABC’s account, and is payable to “D. Jones.” The perpetrator forges the endorsement of ...How can a perpetrator conceal check tampering activity from others in the organization? In altered payee schemes, the perpetrator changes the name of the intended third party and negotiates the check himself. This can be done by adding a second payee or changing the original payee’s name. What is the best ...
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