Able, a salesman, “borrowed” a stack of blank receipts from a friend who was a waiter at a local restaurant. Able filled in the blank receipts to make it appear that he had been entertaining clients at business lunches. He submitted the receipts to his manager and was reimbursed for the total amount. This scheme can best be characterized as: A. A fictitious expense scheme B. A kickback scheme C. A false billing scheme D. A mischaracterized expense scheme
Able, a salesman, “borrowed” a stack of blank receipts from a friend who was a waiter at a local restaurant. Able filled in the blank receipts to make it appear that he had been entertaining clients at business lunches. He submitted the receipts to his manager and was reimbursed for the total amount. This scheme can best be characterized as: A. A fictitious expense scheme B. A kickback scheme C. A false billing scheme D. A mischaracterized expense scheme
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 11CYBK
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Able, a salesman, “borrowed” a stack of blank receipts from a friend who was a waiter at a local restaurant.
Able filled in the blank receipts to make it appear that he had been entertaining clients at business lunches. He
submitted the receipts to his manager and was reimbursed for the total amount. This scheme can best
be characterized as:
A. A fictitious expense scheme
B. A kickback scheme
C. A false billing scheme
D. A mischaracterized expense scheme
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