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NEW QUESTION 47 The principal way to detect omitted credits from books of account is through:

  • A. Expense account
  • B. Trend analysis
  • C. Forced Balance
  • D. None of all

Answer: B   NEW QUESTION 48 Accounts receivable that never get collected are a common sign of fictitious revenue schemes.

  • A. False
  • B. True

Answer: B Explanation: Explanation/Reference: https://www.brainscape.com/flashcards/financial-statement-fraud-4459788/packs/6637157   NEW QUESTION 49 All of the following methods would be helpful in detecting a skimming scheme EXCEPT:

  • A. Confirming customers' outstanding account balances
  • B. Comparing register totals to the cash count
  • C. Examining journal entries for accounts receivable write-offs
  • D. Counting the physical inventory

Answer: D Explanation: Explanation/Reference: https://www.acfe.com/uploadedFiles/SharedContent/Products/Self-StudyCPE/Intro%20to%20Fraud-Chapter%20Excerpt.pdf   NEW QUESTION 50 ......