What Is an Example of a Condition That May Be

question 10

Multiple Choice

What is an example of a condition that may be identified during field work that changes or supports a judgement about the initial assessment of fraud risks?

• A) a government announcement of an interest rate rise
• B) a wage rise granted to all employees during the audit
• C) conflicting or missing evidential matters
• D) development of a new product line

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Definitions:

Lower Than Market Rent

Renting property at a rate below the typical market price, often as part of a housing affordability strategy.

Potential Retail Sales

The projected amount of sales a retail business could make, based on market analysis and business strategy.

Anchor Store

A large retail store that attracts customers to the shopping mall or center in which it is located, serving as a foundational business for the area.

Triple Net Lease

A lease agreement where the tenant agrees to pay all operating expenses of the property, including property taxes, building insurance, and maintenance, in addition to rent.