Which of the Following Is a Finding of the Treadway

question 39

Multiple Choice

Which of the following is a finding of the Treadway Commission?

• A) Financial statement frauds occur very often, the average fraud lasts about two years.
• B) The CEO perpetrates the fraud in 72% of the cases.
• C) While financial statement frauds occur infrequently, they are extremely costly.
• D) Financial statement fraud occurs mostly in companies that are listed.

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Definitions:

Fairness

The state of being impartial and just; often involves equitable treatment and a sense of justice in both procedures and outcomes.

Perceptions Of Fairness

Individuals' beliefs or views regarding the equity and justice of actions, decisions, or treatment received in various contexts.

Alternative Dispute Resolution (ADR)

A range of procedures such as mediation and arbitration aimed at resolving disputes without the need for conventional litigation.

State Laws

The collection of laws and regulations enacted by individual states, governing various aspects of life and business within their respective jurisdictions.