Describe the techniques of false debits

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1. Article: Corruption Causes and Cures

What do you consider the biggest red flag indicating bribery and kickback schemes?

2. Article: Case of the Pilfering Purchasing Manager

What are the five tips to remember when closing in on the fraud suspect?

3. Article: When Customers Want Kickbacks

Customers may call a kickback a "commission," because they may pay commissions to sales agents and other middlemen. How should you reply?

4. Article: Fuzzy Numbers, Business Week

Name at least three ways companies can legally use accounting rules to inflate (or deflate) earnings and cash flow?

5. Article: And Nothing But the Truth: Uncovering Fraudulent Disclosures

To detect fraudulent disclosures and other off-book frauds, what must the auditor almost invariably rely on?

6. Article: Enemies Within

Describe the techniques of false debits, omitted credits and forced balancing to perpetrate a theft of cash.

7. Article: Dipping into the Cookie Jar.

Under-reporting earnings using intentionally inflated reserves is not considered a fraud. It is considered a conservative approach to accounting. However, over-reporting earnings using intentionally deflated reserves is considered a fraud.

Reference no: EM133326771

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