Protection Transparency, Inc

question 71

Multiple Choice

Protection Transparency, Inc. is being audited by Messer and Bromely, LLP. During the assessment of fraud, Messer and Bromely discover that the controller has been creating fictional sales and posting them to the general ledger. Who should the auditors make aware of this issue?

• A) Protection Transparency's legal counsel.
• B) The police.
• C) The chairman of Protection Transparency's audit committee.
• D) The predecessor auditor of Protection Transparency.

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Definitions:

Social Shopping

A method of e-commerce where users shop in a social networking-like environment, often including user recommendations, group buying, and interactive discussions.

Online Retailing

The practice of selling goods and services through the Internet, encompassing various e-commerce platforms and websites.

Aggregators

Entities that collect content, information, or services from multiple sources on the internet and compile them into a single platform for user access.

Flash Sales

Limited-time offers or promotions featuring significantly reduced prices, typically used to quickly selling surplus inventory or attracting new customers.