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:

Exclusive Right

Exclusive Right is a legal entitlement that grants the holder the sole privilege to perform, use, or sell a particular service, product, or piece of intellectual property.

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a product or service.

Marginal Revenue

The rise in income generated by the sale of an extra unit of a product or service.

Total Revenue

The sum of all revenue collected from selling goods or services before deducting any costs.