Question

how fraud happens in the accounting environment using computer and technology

Answer 1

1)duplicate entry with little change in invoice number.

2)multiple reimbursement of expense of employee by employer.

3) adding false employee in payroll statement and make payment .

4)sales skimming occur when a shopkeeper/businessman sold any product at some price and it is shown in software at less price as comparable to original sale price.

5) showing more bad debt relating to credit sale. if payment is also received they did not made entry related to payment received.

6)showing purchase at high price if it is purchased without tax.

7)company issue tax invoice to customer and after receiving of payment they change the amount due to this tax also changed and they make double profit by depositing less tax and showing less profit .