Management Fraud Generally Refers To

question 15

Multiple Choice

Management fraud generally refers to:

• A)unintentional mistakes.
• B)noncompliance.
• C)intentional distortions of financial statements.
• D)violations of GAAS.

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Definitions:

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic area or type of case.

Concurrent Jurisdiction

Jurisdiction that exists when two different courts have the power to hear a case. For example, some cases can be heard in either a federal or a state court.

Federal

Federal refers to the national level of government, and the system of government that unites states or provinces within a country under a central authority.

State Court

A court that is established by the laws of a state within the United States, having jurisdiction over matters specific to that state.