What is the most difficult part of a shell company scheme from the fraudster's perspective? O a. Getting the victim company to pay them O b. Producing invoices for fictitious goods O c. Producing invoices for fictitious services O d. Self-approving the fraudulent payments

What is the most difficult part of a shell company scheme from the fraudster's perspective? O a. Getting the victim company to pay them O b. Producing invoices for fictitious goods O c. Producing invoices for fictitious services O d. Self-approving the fraudulent payments

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 1MC: Which of the following would a fraudster perceive as a pressure? A. lack of management oversight B....

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

Question

What is the most difficult part of a shell company scheme from the fraudster's
perspective?
a. Getting the victim company to pay them
O b. Producing invoices for fictitious goods
O c. Producing invoices for fictitious services
O d. Self-approving the fraudulent payments

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