Daniel Isley Works as an Internal Auditor for Atlantic Insurance

Multiple Choice

Daniel Isley works as an internal auditor for Atlantic Insurance Co. While reviewing the company's travel and entertainment expenses, Isley noticed that one employee had submitted several receipts from Chase's Restaurant for round-dollar amounts just under the company's reimbursement limit. Further, the receipts were consecutively numbered, but were submitted over a six-month period. What type of scheme did Isley most likely uncover?

A) Fictitious expense reimbursement
B) Multiple reimbursement
C) Mischaracterized reimbursement
D) None of the above