The scheme involving recording fictitious sales and frequently includes falsified sales, inventory, and shipping records is called:

Question

Quizplus · Accepted Answer

The scheme described in the question is commonly known as "sham sales". Sham sales involve recording fictitious transactions as if they were legitimate sales, and then falsifying various records (such as sales, inventory, and shipping records) to conceal the fraud. This scheme is a form of financial statement fraud, and is intended to inflate revenue and income, as well as create a false impression of the company's financial performance. The other choices (B, C, and D) do not accurately describe this particular type of fraud.

The Scheme Involving Recording Fictitious Sales and Frequently Includes Falsified