QUESTION: 2. During an audit of ABC Wholesale Inc., Leanna, - TopicsExpress

QUESTION: 2. During an audit of ABC Wholesale Inc., Leanna, CPA, identifies several sales transactions that were canceled after the merchandise was recorded as having been shipped. Additionally, she notes that the company’s cost of goods sold unexpectedly increased as a percentage of sales. Which of the following fraud schemes are these findings most likely to indicate? a. Inventory theft. b. Overstated sales. c. Skimmed customer payments. d. Inflated accounts receivable. :-)

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