Monica Marcelloni's team has been asked to tackle three ongoing frauds and her partner has asked her to follow up only on the financial reporting fraud. Which of the following items will
She be pursuing?
A) theft of stock by employees or customers
B) employees remaining on the payroll after ceasing employment
C) recording fictitious sales
D) unauthorized refunds to customers

Question

Quizplus · Accepted Answer

Monica Marcelloni has been asked to follow up only on the financial reporting fraud, which involves the recording of fictitious sales. Therefore, option C is the correct choice. Options A, B, and D may be important for investigating other types of fraud, but they are not directly related to financial reporting fraud.

Monica Marcelloni's Team Has Been Asked to Tackle Three Ongoing