The fraud examiner is concerned that individuals in the purchasing department are initiating purchases on their own to companies in which they have a vested interest. the document the examiner would be most interested in reviewing under these circumstances would be the:

a. purchase order
b. receiving report
c. voucher
d. purchase requisition
e. bill of lading

The correct answer is A) Purchase Order.

Explanation:

Fraud examination refers to the skills necessary to resolve allegations of fraud from inception to disposition; to obtain evidence, take statements and write reports; to testify to findings; and to assist in the detection and prevention of fraud.

A purchase order is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.

Purchase orders can be an essential part of enterprise resource planning system orders.

The purpose of purchase orders is to procure materials for direct consumption or for stock, procure services, cover customer requirements using external resources, or procure a material that is needed in plants from an internal source (Long distance intra-plant stock transfers).

The purchase order would normally contain information which would allow the fraud examiner conduct investigation tying the individuals to the companies they have vested interest in. Some of those information include:

1. Vendors Name

2. Vendors Phone Number

3. Vendors Address

etc

Please see a sample of a purchase order form.

Cheers!

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