Experience has shown that the many large fraudulent transactions can be found in
A) Systematic processing of large volumes of day-to-day ordinary transactions.
B) Payroll fraudsters' mistakes in using unissued Social Security numbers.
C) Petty cash embezzlements.
D) Nonroutine, nonsystematic journal entries.

Question

Quizplus · Accepted Answer

Nonroutine, nonsystematic journal entries are not part of the regular day-to-day transactions, so they are not scrutinized as closely as the ordinary transactions. This makes them more vulnerable to fraudulent activities. Large fraudulent transactions may be hidden in these entries, making them a high-risk area for fraud.

Experience Has Shown That the Many Large Fraudulent Transactions Can