Question Details

(solution) Scenario A prominent construction company, building a sanitation


Scenario

A prominent construction company, building a sanitation plant for the city, bought equipment for the facility for a total of $2 million. However, they delayed delivery until the completion of the plant. The seller recorded the revenue even though nothing had been exchanged physically from their inventory for over a year.

Identify the fraud that is acting in the scenario.  There is only one fraud per scenario.  Please provide a short explanation on why you selected that particular type of fraud. 

 


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DATE ANSWERED

Sep 13, 2020

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