The Most Common Fraud Schemes Involving Accounts Receivable Are

question 42

Multiple Choice

The most common fraud schemes involving accounts receivable are:

• A) Fictitious receivables
• B) Failure to write-off accounts receivable as bad debts
• C) Both A and B
• D) Neither A nor B

---

Definitions:

Better Benefits

Enhanced or improved employment benefits, including health insurance, retirement plans, or vacation time, often negotiated for by employees or unions.

Recognition Clause

A provision in a collective bargaining agreement that designates a specific union as the official representative of the workers.

Successorship Clause

A provision in a contract that ensures the continuation of the contract's terms when control of the business is transferred to a new owner.

Communication Clause

A provision in a contract or law that specifically relates to the methods and standards for communication between parties, often within the context of labor relations.