Most Frauds Are Detected by

question 79

Multiple Choice

Most frauds are detected by

• A)external auditors.
• B)hotline tip.
• C)internal auditors.
• D)forensic accountants.

---

Definitions:

Equity

The value of ownership interest in an entity, encompassing stocks and assets minus liabilities.

Cost of Capital

The yield a firm needs to generate on its investments to preserve its market value and draw in capital.

Investors' Money

Funds provided by investors to be used in business activities with the expectation of future returns.

Financial Statements

Reports created from accounting records that summarize a firm’s performance in money terms.