A Key Indicator of Fraud in the Revenue Cycle Is

question 24

Multiple Choice

A key indicator of fraud in the revenue cycle is the auditor's detection of which of the following?

• A)customer collections that are over 90 days past due.
• B)credit entries in customer accounts receivable for authorized write-offs.
• C)recurring entries in the sales journal.
• D)altered shipping documents and invoices.

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Definitions:

Ventilation

The process of supplying fresh air to an environment or removing stale air from it to maintain a healthy atmosphere.

Diffusion

The passive movement of molecules or particles from an area of higher concentration to an area of lower concentration until equilibrium is reached.

Oximetry

A non-invasive method used to monitor the oxygen saturation of a person's blood, often through a device attached to a finger.

Perfusion

The passage of fluid through the circulatory system or lymphatic system to an organ or a tissue, usually referring to the delivery of blood.