According to the Standards, Which of the Following Would Least

question 203

Multiple Choice

According to the Standards, which of the following would least likely be considered a red flag when evaluating the risk for fraud?

• A) Cash receipts appear to be lower than expected from an employee's cash drawer.
• B) Health benefits are detected to be claimed for a deceased employee.
• C) An employee did not approve an internal report detailing expenses for the month.
• D) It is alleged that an employee is receiving vendor kickbacks.

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Definitions:

Denominator

The bottom number in a fraction that represents the total number of equal parts the whole is divided into.

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without breaking any constraints, often associated with statistical calculations.

F-distribution

A probability distribution used in statistics to model the ratio of variances among variables, often utilized in the analysis of variance (ANOVA).

F-test

A statistical test used to compare the variances of two populations to ascertain if they come from distributions with equal variances.