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Which gives the least indication of fraudulent activity

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Reference no: EM132716302

Problem 1: Which of the following gives the least indication of fraudulent activity?

Multiple Choice

Option 1: The bank reconciliation has no outstanding cheques or deposits older than 15 days.

Option 2: Numerous cash refunds have been made to different people at the same post office box address.

Option 3: The internal auditor cannot locate several credit memos to support reductions of customers' balances.

Option 4: Three people were absent the day the auditors handed out the paycheques and have not picked them up four weeks later.

Reference no: EM132716302

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