1.) An audit of accounts payable vendors has revealed that one of the companies has the same phone number as an employee who works in the company warehouse. What could this indicate? (Points : 2)

The company is receiving unauthorized supplies

Kickbacks are being paid to vendors

Vendors are submitting inflated invoices

Dummy vendors may exist

2.)Larry worked at the receiving dock of a large electronics store and was responsible for unloading merchandise from delivery trucks. Every so often, he would set aside merchandise and leave it on the dock near the entrance door. This was not suspicious as other boxes of merchandise were also set in this area. He then would arrange for a friend to pose as a customer. His friend would drive around to the customer pickup area and Larry would load the merchanidse in his friends car. Which type of fraud is Larry committing? (Points : 2)

Unconcealed larceny Asset transfer Fraudulent shipments Fraudulent receiving scheme

3.) The manager of a restaurant was responsible for taking the deposit from each days business to the bank. On September 30, the manager realized he had not paid his cell phone bill and he knew if he was late one more time the phone company would cut off service. The deposit for that day consisted of $250 in cash and $1,000 in checks. He took the cash from that days deposit and paid his bill. What component in the fraud scheme enabled the manager to conceal this theft? (Points : 2)

Outstanding checks Open receivables Force balancing Deposit in transit