In Many Cases Fraud Indicators Lead To

question 2

Multiple Choice

In many cases fraud indicators lead to:

• A) The need for additional auditors to be present for the audit.
• B) Criminal or civil actions against the CEO or CFO of the Corporation.
• C) The discovery of errors or unusual events that can reasonably be explained upon further examination.
• D) .The discovery of loop holed in the IRS Tax Code that are left up to interpretation.

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Definitions:

Equitable Remedy

A judicial order enforcing a right or redressing a wrong, granted when monetary damages are not sufficient as relief.

Specific Performance

A legal remedy where the court orders the breaching party to fulfill the exact terms of a contract, rather than paying damages.

Injunction

A judicial order compelling a party to do or refrain from doing specified acts, used as a remedy in many types of disputes.

Drastic Change

Drastic change refers to a significant and often sudden alteration in circumstances, conditions, or the state of something.