According to the COSO's Study of Financial Statement Frauds, What

question 15

Multiple Choice

According to the COSO's study of financial statement frauds, what is the average period of a financial statement fraud?

• A) 12 months
• B) 18 months
• C) 24 months
• D) 30 months

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Definitions:

External Forces

Outside influences for change.

Competitors' Actions

involves analyzing and responding to the strategies, movements, and decisions made by rival businesses in the marketplace.

Customers' Preferences

The tastes, likes, or desires of consumers that influence their purchasing decisions.

External Force

Factors or influences originating outside an organization that necessitate change or adaptation by the organization.