Fraudulent Financial Reporting Is a Business Reality

question 369

Multiple Choice

Fraudulent financial reporting is a business reality.While it cannot be eliminated, the risk of fraudulent reporting can be decreased.Which of the following considerations is LEAST likely to lessen that risk?

• A)an independent audit committee
• B)an internal audit function
• C)vigilant management
• D)an increased focus on tying bonuses to short-term company performance

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Definitions:

Infant Brains

The developing neurological structures and cognitive functions in babies.

Brain Adaptability

The capacity of the brain to modify its structure and function in response to changes in the environment, learning, or damage, also known as neuroplasticity.

Double-Edged Sword

A situation or decision that has both positive and negative consequences or effects.

Head Control

The developmental milestone where an infant gains the ability to hold their head up independently.