The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.
Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
Collusion or bid-rigging between bidders is called
According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.
Forced reconciliation of the account says:
Most of the shell company schemes involve the purchase of goods rather than services.
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.
Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:
TESTED 14 Sep 2025