How could fraud be perpetrated through the sales returns process?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
In the absence of good internal controls there are several types of fraud that cou...View the full answer
Answered By
Surojit Das
I have vast knowledge in the field of Mathematics, Business Management and Marketing. Besides, I have been teaching on the topics Management leadership, Business Administration, Human Resource Management, Business Communication, Accounting, Auditing, Organizer Behaviours, Business Writing, Essay Writing, Copy Writing, Blog Writing since 2020. It is my personality to act quickly in any emergency situations when students need my services. I am very professional and serious in every questions students asked me at the time of dealing any projects. I have been serving detailed, quality, properly analysed research paper through the years.
4.80+
91+ Reviews
279+ Question Solved
Related Book For
Accounting Information Systems The Processes and Controls
ISBN: 978-1118162309
2nd edition
Authors: Leslie Turner, Andrea Weickgenannt
Question Posted:
Students also viewed these Accounting questions
-
How could this fraud have been prevented? Why is this a difficult fraud to prevent? May 13, 1988, a Friday incidentally, will be remembered by a major Chicago bank. Embezzlers nearly escaped with $69...
-
How could an ES be used to detect probable fraud committed by a bank employee?
-
Sales discounts and sales returns are accounted for as reductions of revenue. If they were accounted for as expenses, wouldnt the effect on net income be the same? Why not just treat sales discounts...
-
You are looking at buying a piece of real estate and you intend to borrow as much as you possibly can from a bank to buy the property. The bank you are dealing with has a requirement that the LVR for...
-
Use the test scores of 32 students taking Business 205 to complete the frequency distribution and find the grouped mean rounded to the nearest whole number. 88 91 68 83 72 69 82 94 86 94 69 59 75 66...
-
Challenges are just another opportunity, or so they say. As the sole distributor in your region for a very well-known and successful branded consumer product, you are certainly facing a challenge...
-
22. Repeat the previous problem calculating prices for American options instead of European. What happens?
-
You can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 20% per...
-
You have decided to use futures contracts to invest in silver at a settle price of $15 per ounce. Each futures contract has a standard size of 4,900 troy ounces and an initial margin requirement of...
-
Imagine that you are a manager in a commercial printing company, and you have found a good deal on the ink that your company uses most frequently from a supplier in Japan. Using the materials from...
-
How can a security guard in a warehouse be considered an important component of a companys accounting system?
-
Distinguish between B2B sales and B2C sales. Other than those presented in this chapter, name a company from your personal experience that uses B2C sales.
-
When using mathematical induc- important to prove that the statement tion, why is it holds for n = 1?
-
Based on the expense information below how do I figure out the break even, total fixed costs, total income for each procedure, variable costs dependent upon volume? The organization is purchasing a...
-
Compare training formats. Do you personally prefer classroom training, small group sessions, one-to-one training, or self-guided tutorials? Why? Are there circumstances in which you feel a one-to-one...
-
what ways do you feel a sense of identity and belonging within the organization's community, and how does that influence your performance and engagement?
-
How do different generational cohorts within the workforce perceive and contribute to organizational culture, and what steps can organizations take to create a cohesive culture that bridges...
-
How do various tools and techniques such as adding slack (padding estimates) or project buffers help project managers perform duration estimates? What are some ethical considerations when using slack...
-
Prove that the averaging operations (11.13)-(11.15) are linear and commute with space and time derivatives.
-
Explain briefly what is meant by electronic data interchange (EDI). How does EDI affect a companys audit trail?
-
A hammer hits a nail. The force of the nail on the hammer is A. Greater than the force of the hammer on the nail. B. Less than the force of the hammer on the nail. C. Equal to the force of the hammer...
-
The text has pointed out that ethics is an important topic, especially for CPAs. Derek Bok, former law professor and president of Harvard University, has suggested that colleges and universities have...
-
As the business world continues to change the way in which business is conducted, accountants are faced with the challenge of accounting for these changes. Who, for example, could have anticipated...
-
One of your college friends recently graduated from school with a major in music (specifically piano). He has told you that he is going to start his own piano instructional business. He plans to...
-
Assume that you are a fund manager and manage a risk asset with an expected return of standard deviation of 27%. The return on a T-bill is 7% Your client Jean chooses to invest money in your fund and...
-
Please help using Excel A1 fx Donaldson Company \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline 2 & A & B & c & D & E & F & G \\ \hline 1 & & & & & & & \\ \hline 2 & & GOA & L SEEK ANSWERS & & & & \\...
-
plz help me figure this out TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using...
Study smarter with the SolutionInn App