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:

Expansion

describes the phase in a business or an economy's lifecycle where it is growing in size, reach, or production capabilities.

Adjacent Lot

A parcel of land located directly next to or in close proximity to another parcel.

Equipment

Physical assets used in the operation of a business, often requiring significant capital investment.

Initial Cost

Refers to the initial expenditure or investment required to start a project, acquire an asset, or launch a business operation.