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Revenue recording fraud is one of the biggest issues in ascertaining correct revenue. Your job for this discussion is to be the criminal or con
Revenue recording fraud is one of the biggest issues in ascertaining correct revenue. Your job for this discussion is to be the criminal or con artist that may be embezzling (therefore revenue is not being recorded properly) or generating non-existent revenue to make the profit and loss statement look better. Prepare a small brief scenario on how to create revenue recognition fraud. Have some fun. Then respond briefly on what internal controls are needed to prevent this situation from happening again.
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