All of the Following Are Indicators of Financial Statement Fraud

question 38

Multiple Choice

All of the following are indicators of financial statement fraud EXCEPT:

• A)Companies with unrealistically large growth in assets, revenues or profits.
• B)Companies with a principal who has been involved in a bankruptcy.
• C)Companies whose success depends on a special tax loophole or tax avoidance scheme.
• D)Companies that report contingent liabilities that have the potential to create a loss.

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Definitions:

Multilevel Sort

A process of organizing data in a hierarchy, sorting items on primary, secondary, and further levels.

Worksheet Data

Information or content entered into the cells of a worksheet in spreadsheet software.

Single-Column Ascending

Refers to a sorting method where data in a single column is arranged from lowest to highest value.

Stop Error Alert

A notification or message displayed when a critical error occurs, often requiring immediate attention or causing the system to halt.