When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
Which of the following is NOT the example of bribery prevention policies?
Otto, a bank manager, purchases a new boat that he cannot afford. Knowing that one of the bank customers is an older client who does not regularly check their account, Otto takes money from the customer's account to make his boat payments. To conceal the missing amount, Otto adjusts the bank's general ledger. Which of the following BEST describes Otto's scheme?
According to fraud tree, cash has three following schemes:
Which of the following statements about skimming is CORRECT?
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:
__________ are the amounts which are owned to other entities:
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
Baker, an employee of ABC Corporation, was the only employee who had control of the purchasing function for his department. Baker authorized the purchase of supplies that ABC did not need and used these supplies to make improvements to his house. This is an example of what kind of fraud?
