Which Type of Misstatement Is Always a Fraud

question 46

Multiple Choice

Which type of misstatement is always a fraud?

• A) sales included in the journals for which no shipment was made
• B) sales to related parties, such as officers and subsidiaries
• C) shipments made to nonexistent customers and recorded as sales
• D) sales recorded more than once

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Definitions:

Tactical Plans

Short-term, detailed plans formulated to implement strategies and achieve specific objectives within an organization.

Operational Plans

Detailed, short-term action plans that outline how strategic goals will be achieved by an organization, specifying resources needed and processes to follow.

Specialization

The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency.

Single-use Plans

Specific actions or strategies devised for a particular purpose or project, not intended for repeated or continuous use.