CFE Certified Fraud Examiner (#39)

Which of the following is true for Red flags associated with fictitious revenues?

Slow growth or usual profitability, when not compared to other companies in the same industry.
Usual growth in the number of days purchase in receivables
A significant volume of sales to entries whose substance and ownership is not known.
A usual surge in purchase by a majority of units within a company, or of purchase recorded by corporate headquarters.