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:

Goal-Oriented

Characterized by actions, behaviors, or systems specifically designed or undertaken to achieve predetermined objectives.

Personal Styles

Individual characteristics and ways of expressing oneself through appearance, behavior, and communication, unique to each person.

Rationalize

The process of justifying one's actions or beliefs with seemingly logical reasons, often to hide the real motives or to make them acceptable.

Fast Food

Fast food refers to easily prepared and served food designed for quick convenience and consumption, often characterized by its high calorie and low nutritional value.