Which of the following scenarios would be the strongest indicator of fraud in an accounts payable process?
Comprehensive and Detailed Step-by-Step Explanation:
Address Matches an Employee's Residence: This is a strong indicator of fraud, as it suggests the possibility of a fictitious vendor created to divert funds to the employee.
Other Options:
Option A: Missing documentation may indicate poor record-keeping but is not a strong indicator of fraud on its own.
Option B: Delayed invoices might indicate inefficiencies, not fraud.
Thus, the correct answer is C. The address on one of the vendor invoices matches an employee's residential address.
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