Webclass 101: Quick win: checking for fraud at closing

Q1. According to Andrew Ceresney, of the SEC, what is the most common fraud case for financial misstatement fraud?

Fraud relating to revenue recognition

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Fictitious payments

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Q2. How might someone cheat with suspense accounts during closing?

Use suspense account as counterparty for inappropriate journal entry line postings

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Post invoices to be received to the GR/IR account

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Q3. What might be the issue if there is an unusually high number of house banks, including some that are rarely used?

Receivables from customers made to off-balance-sheet bank accounts in order to misappropriate funds

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Fictitious billing documents

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Q4. Why might someone adjust the assumptions for accounts receivable accruals at closing?

In order to recognize revenue too early (for example revenue relating to projects) in order to make the performance of the entity look better

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In order to get customers to pay quicker

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Q5. Is it possible for there to be fraud schemes relating to foreign exchange adjustments or should we ignore these transactions from our sampling?

It is possible for fraudulent statements to be created by using foreign exchange as a counterparty account

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It is not possible for fraudulent statements to be created by using foreign exchange as a counterparty account

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Q6. Why might someone reverse and repost customer balances?

In order to make KPIs concerning accounts receivable performance look more favorable

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In order to provide cheaper products to customers

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Q7. For a foreign exchange adjustment account, would it be more interesting to look at the net impact or the value of transactions?

Net

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Value of transactions

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Q8. Why might we be interested in looking at both net and value of transactions for accounts receivable?

Because for accounts receivable we could have credit-debit refresh or commissions based on billing documents even if they later get reversed/ they get reversed to a suspense account or other unexpected account

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For accounts receivable it is also more interesting to look at the net than the value of transactions

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Q9. Why would you want to look at transaction value and net impact before and after closing?

Because postings made before closing to make the accounts look good could later be reversed after closing

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Because financial misstatement fraud only occurs around closing

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Q10. Which SAP tables are the most important for analyzing transactions at closing?

BSEG, BKPF and SKAT

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MSEG, MKPF and T023

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Webclass 101: Quick win: checking for fraud at closing

Webclass 101: Quick win: checking for fraud at closing

admin June 9, 2026

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