Which of the Following Is the Most Common Method of Detecting

question 1

Multiple Choice

Which of the following is the most common method of detecting occupational fraud?

• A)Financial Statement Audit
• B)Management Review
• C)Internal Audit
• D)Tip from an employee, customer, or vendor

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Definitions:

Terminated

Brought to an end; refers to processes, contracts, employment, or periods that have been concluded or stopped.

Business Ownership

The legal possession of a business entity, which includes the right to control its operations and benefit from its earnings.

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Professional Malpractice

An instance where a professional fails to perform their duties to the accepted standard of practice in their field, leading to harm or loss.