26. Per the Fraud Examiners Manual, which of the following is NOT true about pass-through shell company schemes? A. pass-through schemes are usually undertaken by employees in charge of purchasing. B. pass-through schemes are a subcategory of shell company schemes in which actual goods or service are sold to the victim company. C. instead of buying merchandise directly from a vendor, the corrupt employee sets up a shell company and purchases the merchandise through that fictitious entity. D. the perpetrator resells the merchandise to his employer at a deflated price.

26. Per the Fraud Examiners Manual, which of the following is NOT true about pass-through shell company schemes? A. pass-through schemes are usually undertaken by employees in charge of purchasing. B. pass-through schemes are a subcategory of shell company schemes in which actual goods or service are sold to the victim company. C. instead of buying merchandise directly from a vendor, the corrupt employee sets up a shell company and purchases the merchandise through that fictitious entity. D. the perpetrator resells the merchandise to his employer at a deflated price.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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