Two of the Most Useful Warning Signals That Can Indicate

question 7

Multiple Choice

Two of the most useful warning signals that can indicate that revenue fraud is occurring are

• A) analytical procedures and documentary discrepancies.
• B) analytical procedures and misappropriation of assets.
• C) documentary discrepancies and vague responses to inquiries.
• D) missing audit evidence and vague responses to inquiries.

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Definitions:

F-ratio

A statistical measure used in ANOVA tests to compare the variance among group means to the variance within groups.

P-value

The P-value is a statistical measure that helps determine the significance of results, indicating the probability of observing the given results by chance.

ANOVA

A statistical technique that assesses potential differences in a scale-level dependent variable by a nominal-level variable having two or more categories.

Electrical Engineer

A professional who designs, develops, and tests electrical equipment and systems, including electronics and power generation and distribution systems.