Which of the Following Is a Factor That Relates to Incentives

question 21

Multiple Choice

Which of the following is a factor that relates to incentives to misappropriate assets?

• A)Significant accounting estimates involving subjective judgments
• B)Significant personal financial obligations
• C)Management's practice of making overly aggressive forecasts
• D)High turnover of accounting, internal audit and information technology staff

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Definitions:

Total Float

The total amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project's final deadline.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer from the drawer's account.

Clearing Times

The time period required for the settlement of financial transactions, from the moment of initiation to finalization.