Which of the Following Statements About Fraud or Fraud Detection

question 108

Multiple Choice

Which of the following statements about fraud or fraud detection is true?

• A)Management may physically alter evidence to perpetrate and conceal the fraud.
• B)Fraudulent financial reporting is generally not material enough to consider.
• C)Journal entries will supply evidence necessary to detect fraud.
• D)The advent of new technology prevents fraud,thereby leading to less fraud over time.

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Definitions:

Larger Companies

Corporations or businesses that have a significant scope in terms of operations, revenue, or number of employees, typically having a broad influence in their respective industries.

Alternative Media Outlets

Media sources that provide information outside of mainstream or conventional channels, often focusing on perspectives or topics not covered by major outlets.

Mainstream Media

Media outlets and platforms that reach the largest audience and are typically regarded as conventional or traditional sources of news and entertainment.

Homogenous Media Products

Media content that lacks diversity and variation, often resulting from dominant cultural or industry norms dictating production values and themes.