Myra Manning, CFE, Was Hired to Investigate Some Suspicious Activity

question 13

Multiple Choice

Myra Manning, CFE, was hired to investigate some suspicious activity at Arizona Medical Supply after one of the company's largest customers complained several times that its account statements do not reflect all the payments it has made. While examining the accounts receivable activity, Myra noticed a significant rise in the volume of overdue accounts during the last 6 months. What type of scheme might this situation indicate?

• A) Cash larceny
• B) Shell company
• C) Receivables skimming
• D) False refunds

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Definitions:

Ethical Life

A way of living that consistently reflects one's moral values and ethical principles.

Quality of Arguments

The degree to which arguments are logical, coherent, comprehensible, and convincingly supported by evidence.

Evaluation

Assesses the credibility of statements or other representations that are accounts or descriptions of a person’s perception, experience, situation, judgment, belief, or opinion; also assesses the logical strength of the actual or intended inferential relationships among statements, descriptions, questions, or other forms of representation.