medium10 pts · first answer countsinternal-controlsdata-analyticsfraud-risk

Analytics on invoice traits

A fraud analytics routine flags vendor invoices that are round amounts (for example ₹50,000.00), dated on Sundays, or with consecutive invoice numbers from one vendor. Why are these useful tests?

A.Each of these traits proves that the invoice is fraudulent and must be rejectedB.Fake invoices often have such traits, so they point to items worth reviewingC.They check the GST rate charged on each invoice is correctD.They are needed to calculate the vendor's payment terms

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Analytics on invoice traits

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