One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.
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A. B.A
Answer: B. False
Explanation:
Destroying records of a transaction may seem like a way to conceal a register scheme, but it is not a final means of concealment. The reason being, it is often possible to reconstruct the transaction or at least detect the absence of records.
There are a variety of techniques used to uncover fraud, including forensic accounting, data analysis, interviews, and physical surveillance. In many cases, these methods can reveal patterns or inconsistencies that indicate fraudulent activity, even if the actual records have been destroyed.
Moreover, destroying records is also a criminal act itself, and perpetrators can face charges of obstruction of justice, which can lead to even more severe legal consequences.
Therefore, it is not advisable to destroy any records to conceal fraudulent activity. Instead, it is essential to implement proper internal controls and establish a culture of honesty and transparency within an organization to prevent fraudulent activity from occurring in the first place.