Opportunity to commit fraud is comprised of three stages.The stage that often takes most time and effort would include
A) stealing inventory from the warehouse.
B) selling stolen inventory to get cash.
C) lapping accounts receivable.
D) creating false journal entries to overstate revenue.

Question

Quizplus · Accepted Answer

Lapping accounts receivable involves creating fictitious accounts receivable to cover up the theft of cash from existing accounts receivable. This process can take a significant amount of time and effort, as the fraudster must create false invoices, post them to the accounting system, and track the fictitious accounts receivable to ensure that they are not detected.

Opportunity to Commit Fraud Is Comprised of Three Stages