Which One of the Following Statements Is True? Misstatements Found

question 8

Multiple Choice

Which one of the following statements is true? Misstatements found in the previous year's audit:

• A) that occur again in the current year's audit indicate management fraud.
• B) have little likelihood of occurring again in the current year's audit.
• C) have a high likelihood of occurring again in the current year's audit.
• D) that occur again in the current year's audit indicate employee fraud.

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Definitions:

Team

A group of individuals working together towards a common goal, often characterized by cooperative and coordinated efforts.

Parallel

In psychology, parallel play refers to a stage of development in children where they play alongside other children without directly interacting with them, a concept often used to describe certain social behaviors.

Incessantly

Continuing without interruption; unending, often in an annoying or undesired way.