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's team has been tasked to tackle only the financial reporting fraud, which involves recording fictitious sales. Therefore, she will be pursuing the fraudulent practices related to transactions and the recording of financial information. The other frauds mentioned, such as theft of stock, payroll fraud, and unauthorized refunds, do not fall within the scope of the financial reporting fraud.

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