There Are No Generally-Accepted, Published Professional Protocols Available to Guide

question 38

Multiple Choice

There are no generally-accepted, published professional protocols available to guide fraud investigators in conducting investigations because:

• A) The laws surrounding investigations of this type do not allow for protocols to be established.
• B) The specific way in which a given investigation is conducted is determined by the objectives of the investigation.
• C) GAAP provides suitable protocols.
• D) The American Association of Fraud Examiners currently has protocols being validated by the U.S. District Court of Appeals.

---

Definitions:

Ceramic Tile

A durable, hard flooring material made from clay that has been fired in a kiln, commonly used for floors, walls, and backsplashes.

Fixed Expense

An expense that does not change with the level of production or sales, such as rent, salaries, and insurance.

Administrative Expense

Costs related to the general administration of a business, including office supplies, salaries of administrative personnel, and utilities.

Freight-Out

The cost of shipping goods to customers, which is typically recorded as a selling expense.