Fraud 2 - What is a mischaracterized expense scheme? Answer...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
What is a mischaracterized expense scheme? Answer Selected Answer: This occurs when a personal expense is claimed as mischaracterized expenses: Require detailed inform reimbursement. All travel and entertainment expen direct supervisor. Corporate policy should clearly i will and will not be reimbursed. Correct Answer: Mischaracterized expense schemes occur when there reimbursement for a personal expense by claiming th Response Feedback: [None Given] Question 2 3 out of 3 points In reference to expense reimbursement frauds what is meant by overpurchasing? Answer Selected Answer: It's when the employee purchases two of an item and then returns one for a cash refund to himself. Correct Answer: Overpurchasing is when a fraudster purchases two or more business items at different prices as a business expense. The more expensive items are then returned but the perpetrator claims reimbursement for that item resulting in reimbursement for more than the actual expense. Response Feedback: [None Given] Question 3 3 out of 3 points Article: Keep Ghosts off the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Payroll Where do most ghost-employee frauds originate? Answer
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/22/2011 for the course FRAUD 101 taught by Professor ? during the Spring '11 term at Post.

Page1 / 4

Fraud 2 - What is a mischaracterized expense scheme? Answer...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online