Which of the Following Is Least Indicative of Fraudulent Activity

question 69

Multiple Choice

Which of the following is least indicative of fraudulent activity?

• A) Numerous cash refunds have been made to different people at the same post office box address.
• B) Internal auditors cannot locate several credit memos to support reductions of customers' balances.
• C) Bank reconciliation has no outstanding checks or deposits older than 15 days.
• D) Three people were absent the day the auditors handed out the paychecks and have not picked them up four weeks later.

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Definitions:

Equitable Remedy

A court-ordered remedy tailored to address a particular harm or legal violation, including injunctions and specific performance, emphasizing fairness over monetary compensation.

Demonstration

A public gathering of people to display support for or opposition against policies, actions, or causes, usually in a peaceful manner.

Tort Of Deceit

A legal wrong that involves intentionally making false representations to another, causing harm.

Rescission

Rescission is the legal act of canceling or terminating a contract, returning all parties involved to their positions before the contract was entered into.