Which of the Following Is Not a Factor That Relates

question 15

Multiple Choice

Which of the following is not a factor that relates to opportunities to commit fraudulent financial reporting?

• A)Lack of controls related to the calculation and approval of accounting estimates
• B)Ineffective oversight of financial reporting by the board of directors
• 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:

Catholic Reformation

A movement within the Catholic Church in the 16th century aimed at making internal reforms and countering the Protestant Reformation.

Scientific Revolution

A period of major advancements in science and technology during the 16th to 18th centuries, leading to significant changes in society and the view of the natural world.

Protestantism

A form of Christian faith and practice that originated with the Reformation, a movement against what its followers perceived to be errors in the Roman Catholic Church.

Scientific Revolution

A period, primarily during the 16th and 17th centuries, marked by major advances and changes in scientific thought and methodologies, significantly impacting the understanding of the natural world.