During a fraud examination, an investigator discovers that a…

During a fraud examination, an investigator discovers that a vendor: • uses only a post-office-box address, • shares an address with an employee in the purchasing department, • submits sequentially numbered invoices just below approval thresholds, and • lacks a verifiable business website or physical location. The investigator should be MOST concerned about:

Over the past two years, a company’s revenue grew 18%. Durin…

Over the past two years, a company’s revenue grew 18%. During the same period: • days sales outstanding rose from 42 to 71 days, • the allowance for doubtful accounts fell from 5% to 2% of gross receivables, and • fourth-quarter sales rose to 45% of annual revenue. Which scheme is MOST consistent with these indicators?