The Following Are All Inventory/Cost of Goods Sold Fraud Symptoms

question 27

Multiple Choice

The following are all Inventory/Cost of Goods Sold fraud symptoms except:

• A) Inventory and/or cost of goods sold documents are missing
• B) Reported "purchases" appear too high relative to inventory levels
• C) New or unusual vendors do not go through the regular-approval process
• D) Reported "purchase returns" appear too high or are increasing too rapidly

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