A Recent Survey of Fraud by International Accounting Firm KPMG

question 8

Multiple Choice

A recent survey of fraud by international accounting firm KPMG reported

• A)reported a 13% decrease in instances of corporate fraud compared with five years earlier.
• B)that employee fraud (such things as expense account abuse, payroll fraud, and theft of assets)represents 60% of all instances of fraud.
• C)financial reporting fraud (the intentional misstatement of financial reports)was the least costly to companies.
• D)business scandals with large investment losses and few employee layoffs.

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Definitions:

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, disability, or age.

Prejudice

An opinion or judgment formed in advance about an individual or object without logical grounds or firsthand experience.

Discrimination

Unfair or prejudiced treatment of individuals based on their characteristics, such as race, age, sex, or sexual orientation.

Stereotyping

The act of assigning a fixed set of characteristics to members of a particular group, often oversimplifying individual differences and promoting generalizations.