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Which of the following are fraud risks related to purchase of inventory (Select all that Apply) (More than one answer permitted) Price fraud- The company

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Which of the following are fraud risks related to purchase of inventory (Select all that Apply) (More than one answer permitted) Price fraud- The company employees negotiating too aggressively with vendors to get a price that is too low. Kiting- Transferring money between accounts or using the float period for a check to overstate the cash balance at year-end. Fictitious invoices- Employees creating fake invoices from vendors to steal money from the company Kickbacks and bid rigging-Employees receiving bribes to pick certain vendors

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