Which of the following is NOT a method UCI's former executive VP and CFO used to embezzle 2.97 million? options: 1)Charging personal purchases on UCI's corporate credit card, followed by arranging for UCI to pay the credit card statement by check 2)Preparing false expense reports and submitting them for reimbursement, resulting in payment to himself since nobody other than the accounts payable supervisor reviewed these reports 3)Adding family members to UCI's payroll and placing large checks into their bank accounts 4)Submitting unsupported check requests for personal credit card accounts and nonbusiness expenditures, such as construction work on his personal residence

A transaction is said to be false if it is not supported by supporting evidence and proof. There is…

Answered: Which of the following is NOT a method…

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 16CYBK

Related questions

Question

Which of the following is NOT a method UCI's former executive VP and CFO used to embezzle 2.97 million?

options:

1)	Charging personal purchases on UCI's corporate credit card, followed by arranging for UCI to pay the credit card statement by check

2)	Preparing false expense reports and submitting them for reimbursement, resulting in payment to himself since nobody other than the accounts payable supervisor reviewed these reports

3)	Adding family members to UCI's payroll and placing large checks into their bank accounts

4)	Submitting unsupported check requests for personal credit card accounts and nonbusiness expenditures, such as construction work on his personal residence

Expert Solution