Fraud Risk Factors Are Examples of Factors That Increase the Risk

question 8

Multiple Choice

Fraud risk factors are examples of factors that increase the risk of fraud.Which of the following is an example of a management "incentives or pressures" risk factor?

• A)Customer demand for a new product line was significantly less than expected.
• B)Management and the auditors disagree on how to value a large contract in progress.
• C)There is only one board member who understands financial statements and she has suffered a heart attack.
• D)There has been significant turnover in the accounting department in the last year.

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Definitions:

Bone Marrow

The soft, spongy tissue found in the center of bones that produces blood cells, including red blood cells, white blood cells, and platelets.

Plan of Care

A detailed, personalized strategy developed by healthcare professionals to address the health needs and treatment goals of a patient.

Retired Physician

A healthcare professional who has stopped practicing medicine.

Patient's Permission

Consent given by a patient for a medical procedure, treatment, or participation in research after being fully informed about its benefits and risks.