In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
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A. B. C. D.D
The scheme described in the question is known as a "false voucher scheme." In this type of scheme, an employee creates false vouchers or submits false invoices to their employer. The false voucher or invoice is typically created for goods or services that were never actually received by the company, or for goods or services that were received but at a lower cost than what is listed on the voucher or invoice. The employee then pockets the difference between the actual cost and the cost listed on the false voucher or invoice.
This type of scheme is a common form of fraud and can be difficult to detect, as the employee responsible for creating the false voucher or invoice is often in a position of trust within the company. However, there are a number of red flags that may indicate the presence of a false voucher scheme, such as an increase in the number of vouchers or invoices being submitted, a lack of supporting documentation for the vouchers or invoices, or unusual patterns in the amounts or types of goods or services being listed on the vouchers or invoices.
To prevent false voucher schemes from occurring, companies should implement strong internal controls, such as requiring multiple levels of approval for vouchers or invoices, performing regular audits of the company's financial records, and ensuring that all supporting documentation is properly reviewed and verified. Additionally, companies should be vigilant in monitoring for red flags that may indicate the presence of fraud and should take prompt action if fraud is suspected, including conducting a thorough investigation and prosecuting any individuals responsible for the fraudulent activity.