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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 61
Allison Everhart, an employee in accounts payable, believes she can run a fictitious invoice through the accounts payable system and collect the money. She knows payments are subject to an audit. Which account would be the best place to hide the fraud?
A) Inventory.
B) Wage expense.
C) Consulting service expense.
D) Property tax expense.
A) Inventory.
B) Wage expense.
C) Consulting service expense.
D) Property tax expense.
Explanation
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It is very important to have a fraud pre...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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