Business

Oliver

29 May, 19:30

You are an auditor on financial statement audit assigned to the revenue cycle. In your review of client's financials, you note that Receivables have increased approximately 200% from the previous year, while Cash has declined. Further investigation reveals that 65% of ABC's receivables were booked within 7 days of the end of the quarter. If financial statement fraud is involved, which type is most likely?

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