If an employee approves payment on an invoice that originates from a real company in which he or she has a hidden economic interest, this is considered to be a conflict of interest scheme.

Question

Quizplus · Accepted Answer

This is a classic example of a conflict of interest scheme, as the employee's decision is influenced by their personal economic interest in the company, which could cause harm to the employer. It is important for companies to have policies and procedures in place to prevent and identify such conflicts of interest.

If an Employee Approves Payment on an Invoice That Originates