Which category of fraud may be detected by using data analytics to look for anomalies in the vendor list and among vendor transactions?
A) Billing schemes
B) Pay and return schemes
C) Payroll schemes
D) Expense reimbursement schemes

Question

Quizplus · Accepted Answer

Billing schemes can be detected by analyzing anomalies in the vendor list and among vendor transactions, as these schemes often involve creating fake vendors or invoices.

Which Category of Fraud May Be Detected by Using Data