Examples of Pressures That Can Lead to Financial Fraud Do

question 70

Multiple Choice

Examples of pressures that can lead to financial fraud do not include:

• A) unrealistic budgets.
• B) inappropriate bonus plans.
• C) overemphasis on long-term results.
• D) overemphasis on short-term results.

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Definitions:

Nonfraudulent Misrepresentation

A false statement of fact made honestly but inaccurately, leading to a disadvantageous contractual agreement without intent to deceive.

Remedies Available

Legal means or methods by which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Define

means to clearly describe the nature, scope, or meaning of something.

Materiality

Materiality refers to the significance of information or facts that could influence decisions made by users, such as investors or shareholders; it is a key concept in accounting and auditing.