Comparing recorded amounts in the financial statements with the real-world assets they are supposed to represent would
Question:
Comparing recorded amounts in the financial statements with the real-world assets they are supposed to represent would be most effective in detecting:
a. Cash and inventory fraud.
b. Accounts payable fraud.
c. Revenue-related fraud.
d. Accounts receivable fraud.
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The correct answer is dIncrease in the number of days in receivables Heres why Fictitious receivables represent invoices that have been created for sales that never happened Recording these invoices will artificially inflate the accounts receivable ...View the full answer
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Ankit Kumar
By professional i am an Engineer pursuing B.tech in Electronics and communication stream in 8th semester From N.g.f college of engineering and Technology Palwal . Actually I have the passion for teaching the students and sharing the knowledge which I have. I have been teaching Since 2015. I have taught specially Mathematics and Science for class up to 10th standard and mathematics for classes 11th and 12th. I love to done counselling of those students who are finding difficulties in their Education life and upcoming career. basically i prefer to done counselling of parents then their respective belongings because I believe when Root of tree is strong so their branches and fruits will also be strong .
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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