Which of the following combinations is a good way to conceal employee fraud but an ineffective means

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Which of the following combinations is a good way to conceal employee fraud but an ineffective means of perpetrating management (financial reporting) fraud?
a. Overstating sales revenue and overstating customer accounts receivable balances.
b. Overstating sales revenue and overstating bad debt expense.
c. Understating interest expense and understating accrued interest payable.
d. Omitting the disclosure information about related- party sales to the president’s relatives at below- market prices.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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