All of the Following Are True Except

question 13

Multiple Choice

All of the following are true except?

• A) The CFO is the most likely executive to orchestrate and commit fraud.
• B) Management fraud is usually committed on behalf of an organization rather than against it.
• C) The four areas of financial statement fraud that need to be examined in detecting financial statement fraud are management and directors, relationships with others, the organization and financial results and operating characteristics.
• D) Financial statements play an important role in keeping U.S. capital markets efficient.

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Definitions:

Nutrition

The process of taking in and using food (nutrients).

Protists

Diverse group of eukaryotic microorganisms, which are not animals, plants, or fungi.

Pseudopodia

Temporary protrusions of the cell membrane in certain amoeboid cells, used for movement or ingesting nutrients.

Amoeba

A unicellular protist that moves by means of pseudopodia.