Which Type of Financial Statement Fraud Almost Never Causes Analytical

question 10

Multiple Choice

Which type of financial statement fraud almost never causes analytical symptoms and only sometimes creates documentary symptoms?

• A) Inventory Fraud
• B) Revenue Fraud
• C) Liability Fraud
• D) Disclosure Fraud

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, such as loans, accounts payable, and mortgages.

Purchasing Policy

The price and timing of raw materials and other goods and services necessary to build, sell, and support products.

Compensation

The payment or benefit given to someone in exchange for services or as a recompense for losses.

Obligations

Duties or commitments that one is bound to fulfill legally or morally.