Which of the following fraudulent acts generally takes most time and effort?
A) lapping accounts receivable
B) selling stolen inventory to get cash
C) stealing inventory from the warehouse
D) creating false journal entries to overstate revenue

Question

Quizplus · Accepted Answer

Lapping accounts receivable involves continuously covering up the theft of cash by applying subsequent payments from other accounts, requiring ongoing manipulation and effort.

Which of the Following Fraudulent Acts Generally Takes Most Time