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  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 11: Auditing Inventory, Goods and Services, and Accounts Payable: the Acquisition and Payment Cycle
  5. Question
    Which of the Following Is NOT an Example of Fraud
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Which of the Following Is NOT an Example of Fraud

Question 67

Question 67

Multiple Choice

Which of the following is NOT an example of fraud in the acquisition and payment cycle?


A) Theft of inventory by employees.
B) Inventory shrinkage.
C) Large manual adjustments to inventory accounts.
D) Excess inventory because of a production slowdown.

Correct Answer:

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