The Fraud Detection Process Involves

question 49

Multiple Choice

The fraud detection process involves:

• A) Determining the level of crime involved as criminal or civil.
• B) Identifying indicators of fraud that suggest a need for further investigation.
• C) Identifying the GAAP that have been violated.
• D) Assessing a loss value to the fraud.

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Definitions:

Time-Driven Activity-Based Costing

A financial assessment technique that calculates costs based on actual activities and the duration it takes to complete them, giving accuracy in assigning costs to products.

Tech Support Department

A division of a company providing technical support and services to customers or internal users regarding technological products or services.

Unused Capacity

The available production or service ability that goes unused or is not utilized to its full potential.

Number of Employees

The total count of individuals employed by a business, including part-time and full-time staff.