Abby Watkins Works in the Accounts Payable Department for SVX

question 28

Multiple Choice

Abby Watkins works in the accounts payable department for SVX Company. Recently, she set up a payment to Pacific Industries for invoice number 7001a, which is unlike any invoice number she has seen from Pacific in the past. The voucher contains a purchase order that backs up the invoice, but it looks like a photocopy. Additionally, the accounting system shows that invoice number 7001 from Pacific was for a slightly different amount and has already been paid. Pacific Industries is an established vendor with SVX, but the payment address has recently been changed to a P.O. Box in the vendor file. What type of fraud does this situation most likely indicate?

• A) Personal purchases scheme
• B) Shell company scheme
• C) Non-accomplice vendor scheme
• D) False purchase requisition scheme

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Definitions:

Precious Moments

A line of figurines and collectibles that portray young children in various scenes and themes, known for their teardrop-shaped eye designs.

Retail Positioning Matrix

A strategic tool used to categorize retail businesses based on price level and product assortment to identify market position.

Horizontal Dimension

Refers to the extent of collaboration, communication, and interaction across different departments, functions, or units within an organization, fostering a more integrated and cohesive operation.

Retail Sales

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