Which of the following best describes the misdirection of payments on accounts receivable to an employee's bank account?
A) Fraud open on the books.
B) Fraud hidden on the books.
C) Fraud off the books.
D) Fraud on the balance sheet.

Question

Quizplus · Accepted Answer

Misdirection of payments on accounts receivable to an employee's bank account is considered "fraud off the books" because it involves diverting funds in a way that is not recorded in the company's official financial records.

Which of the Following Best Describes the Misdirection of Payments