Which One of the Following Statements Is True

question 66

Multiple Choice

Which one of the following statements is true?

• A) Usually, errors and fraud are equally difficult for the auditor to uncover.
• B) It is usually easier for the auditor to uncover fraud than errors.
• C) It is usually easier for the auditor to uncover errors than fraud.
• D) none of the above

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Definitions:

Wire Fence

A wire fence is a boundary or barrier made from interconnected strands of wire, often used for security or to contain livestock.

Supervision

The act of overseeing or directing work, people, or activities to ensure that certain standards or goals are met.

Unlocked

Not secured or fastened; often refers to items, devices, or systems that can be accessed without a key or code.

Strict Liability

A legal doctrine where a party is held responsible for damages or loss, regardless of fault or intent.