In Comparing Management Fraud with Employee Fraud, the Auditor's Risk

question 145

Multiple Choice

In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is

• A) greater for management fraud because managers are inherently more deceptive than employees.
• B) greater for management fraud because of management's ability to override existing internal controls.
• C) greater for employee fraud because of the higher crime rate among blue collar workers.
• D) greater for employee fraud because of the larger number of employees in the organization.

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Definitions:

Maryland

Positioned in the Mid-Atlantic sector of the United States, this state is famous for its crucial historical landmarks and as the location where the national anthem was first conceived.

Harry Washington

An enslaved African who gained freedom by escaping to British lines during the American Revolutionary War and later settled in Sierra Leone.

George Washington

The first president of the United States, serving from 1789 to 1797, and a Founding Father known for his leadership in the American Revolutionary War.

Abolition Laws

Legislation aimed at ending the practice of slavery or the slave trade within a specific locale, region, or nation.