Which of the following is true for Red flags associated with fictitious revenues?


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

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