Explain the pass through fraud
The perpetrator creates a false vendor and issues purchases orders to it for inventory or supplies. The false vendor then purchases the needed inventory from a legitimate vendor. The false vendor charges the victim company a much higher than market price for the items, but pays only the market price to the legitimate vendor. The difference is the profit that the perpetrator pockets.
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An ideal approach to proofreading a formal report or proposal is to
A) skim it quickly as soon as you finish drafting it, and then send it ASAP. B) have two people review it—one who is an expert on the topic and one who is not. C) never rely on anyone other than yourself. D) rely heavily on spell checkers, grammar checkers, and other software tools. E) proofread the visuals first.
Companies that are growing fast and rely on software for deployment of their operations often hire the services of ASPs.
Answer the following statement true (T) or false (F)
Fraud Risks List potential fraud schemes related to long-lived assets
Identifying which potential customers within the firm's target market have not only a desire for the product, but also the authority to purchase it and the resources to pay for it is a process called ________.
Fill in the blank(s) with the appropriate word(s).