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Author Question: The most common fraud in the acquisition and payment cycle is for the perpetrator to issue payments ... (Read 42 times)

Sadjam2

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on: Aug 21, 2022

Question 1

List the three main types of revenue manipulations employed to commit fraudulent financial reporting and give an example for each type.

Question 2

The most common fraud in the acquisition and payment cycle is for the perpetrator to issue payments to fictitious vendors and deposit the cash in fictitious accounts. What procedures could the company take to prevent this type of fraud?
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Sadjam2 on Aug 21, 2022

KobyRhoads

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Reply #1 on: Aug 21, 2022
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Sadjam2

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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