When Fraud Is Discovered, _______

question 21

Multiple Choice

When fraud is discovered, _______.

• A)auditors should immediately contact the Securities and Exchange Commission (SEC)
• B)auditors should determine the amounts involved, and then decide whether to report the fraud to management
• C)auditors gather sufficient appropriate evidence to support their conclusion
• D)the matter should immediately be referred to the internal audit function

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Definitions:

Discrimination

The unfair or biased treatment of diverse groups of individuals, particularly based on their race, age, gender, or disabilities.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating a lack of financial resources necessary for basic living conditions.

Canadian Seniors

Individuals of an advanced age, typically 65 years and older, residing in Canada, possibly concerning social policies, healthcare, and demographics.

Fertility Rates

The typical amount of offspring a female is expected to have throughout her life in a specific group.