Business, 22.02.2020 05:03 choudharykaran7997

Myra Manning, CFE, was hired to investigate some suspicious activity at Arizona Medical Supply after one of the company’s largest customers complained several times that its account statements do not reflect all the payments it has made. While examining the accounts receivable activity, Myra noticed a significant rise in the volume of overdue accounts during the last 6 months. What type of scheme might this situation indicate?

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Answer from: nate7742

Receivables skimming

Explanation:

The receivables skimming is one of the type of situation in which the employee of an organization sneaks money and the main function of the skimming is that it helps in gathering the necessary data by avoiding all the unnecessary sentence or paragraphs.

According to the given question, the receivables skimming is one of the type of scheme that helps in indicating this type of situation that there is significant rise in the account in the last 6 months.

We can also use the various types of method that helps in preventing from the Receivables skimming are as follows:

Properly distributing the duties in an organization By eliminating all the cash flowThe organizations should accept the online payment methods

Therefore, Receivables skimming is the correct answer.

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