Webclass 113: What fraud are your dates indicating?

Q1. Why might we want to use a Mandatory field list

So that we can include a lot of information in a detailed table, but in an organised fashion, so that it is easy to find

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So that we don't have too much information on the dashboard

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Q2. Why might we want our dashboards to have standardised layout and wording?

So that the users can get used to them and get around them quickly

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So that the page loads quicker

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Q3. Why might you want to give your team a brain-storming cheat-sheet?

In order to get them to think about all the different things to look at that may indicate fraud scenarios

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To help them to navigate the dashboard quicker

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Q4. What are the four areas relating to dates that Leonard Vona mentions?

Speed of transaction, Circumvention of internal control, Off-period transaction, Illogical sequence of events

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Dates at the beginning of the period, Dates that are sequential, Dates that are first thing on Monday mornings

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Q5. What date analysis would make you think that there may be a case of asset misappropriation?

Invoice date and payment date are close together (speed of transaction)

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There is a delay of about 60 days between the invoice date and the payment date

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Q6. If the invoice date is before the purchase order date, what might this indicate?

Circumvention of internal controls

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The purchase order is approved before the goods arrive

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Q7. If we are analysing a dashboard about temporary changes to bank accounts, would we be more interested if the dates are close or far apart

Close

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Far apart

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Q8. Why might we be suspicious if we have >1000 invoices cleared to the same clearing document on the same date at the end of the period

Looks like someone is cleaning up the accounts to make reporting KPIs look more favourable

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Looks like a pass-through fraud scheme

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Q9. If we see multiple billing documents on the same day and entered by the same person, for the same value and product, what type of fraud scenario might we consider?

Fictitious sales, maybe in order to meet sales targets that relate to bonus schemes

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The Accounts Receivable department is slow on receiving payments

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Q10. Why might we consider that suppliers that are created within the last 2 years are more risky?

Because most fraud scenarios occur within 48 months

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Because there is likely less control occuring 2 years before the current audit

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Q11. If you see many invoices with the same document date, what indicators might increase the probability that a duplicate payment has occurred?

The clearing document date is different for each invoice, the invoices are posted to different cost centers, the text description is the same

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The text description mentions a monthly rental service, the invoices are posted in the same cost-center

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Q12. If we want to know the true value of stock per age of the stock, what type of algorithm would we need to deploy?

LIFO or FIFO

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Straight line depreciation

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Q13. Why might we want to compare the stock balance at-date to the stock that stayed in the warehouse for more than 180 days?

In order to get an idea of the wasted value of warehousing costs compared to total warehousing costs

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In order to see which items are currently to be provisioned

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Q14. If the fiscal year of the document is many years before the fiscal year of the posting date, and the document is a supplier invoice, what might this indicate?

That an obsolete supplier invoice has been used

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That the supplier received a downpayment

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Webclass 113: What fraud are your dates indicating?

Webclass 113: What fraud are your dates indicating?

admin June 9, 2026

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