The Primary Factor That Distinguishes Errors from Fraud Is

question 23

Multiple Choice

The primary factor that distinguishes errors from fraud is:

• A) whether the underlying cause of misstatement relates to the misapplication of accounting principles or to clerical processing.
• B) whether the misstatement is perpetrated by an employee or by a member of management.
• C) whether the underlying cause of a misstatement is intentional or unintentional.
• D) whether the misstatement is concealed.

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Definitions:

Interstate Highway

A network of controlled-access highways that form part of the National Highway System in the United States, designed for high-speed vehicular traffic.

Closing Stock Price

The closing price of a stock on a stock exchange at the end of a trading session.

Mode

The most commonly occurring value in a set of data.

Coefficient Of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.