Posted by: Pdfprep
Post Date: February 18, 2021
Which of the following is true for Red flags associated with fictitious revenues?
A . Slow growth or usual profitability, when not compared to other companies in the same industry.
B . Usual growth in the number of days purchase in receivables
C . A significant volume of sales to entries whose substance and ownership is not known.
D . A usual surge in purchase by a majority of units within a company, or of purchase recorded by corporate headquarters.
Answer: C
Leave a Reply