Green, an employee of ABC Corporation, formed a company called Acme Consulting. He opened a bank account in Acme's name and used his home computer to create invoices from Acme for "consulting services." In reality, Acme does not provide any services at all. It is a company in name only. Green submitted the invoices from Acme Consulting to his employer, ABC Corporation. When ABC made the payment on the false invoices, Green collected and deposited them. Green has committed: O a. A pay and return scheme O b. A shell company scheme O c. A cash larceny scheme O d. A personal purchases scheme

Green, an employee of ABC Corporation, formed a company called Acme Consulting. He opened a bank account in Acme's name and used his home computer to create invoices from Acme for "consulting services." In reality, Acme does not provide any services at all. It is a company in name only. Green submitted the invoices from Acme Consulting to his employer, ABC Corporation. When ABC made the payment on the false invoices, Green collected and deposited them. Green has committed: O a. A pay and return scheme O b. A shell company scheme O c. A cash larceny scheme O d. A personal purchases scheme

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter1: Comprehensive Cases

Section1.8: Livent, Inc.

Problem 6Q

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