In which of the following fraud risks is the payment usually made to an employee who submitted a fake invoice?
A)Fictitious invoices
B)Phantom vendors
C)Kickbacks and bid rigging
D)Duplicate payments

Question

Quizplus · Accepted Answer

Fictitious invoices refer to invoices that are submitted to an organization for payment for goods or services that were never received or rendered. In this scenario, the payment is usually made to an employee who submitted a fake invoice. Therefore, option A is the correct choice. Phantom vendors, kickbacks and bid rigging, and duplicate payments refer to different types of fraud risks that do not necessarily involve a fake invoice submitted by an employee.

In Which of the Following Fraud Risks Is the Payment