An Example of Fraud in Financial Reporting Would Be

question 114

Multiple Choice

An example of fraud in financial reporting would be

• A)allowing orders to be cancelled.
• B)arriving at a P/E using the weighted average number of shares outstanding during the year.
• C)inflating revenues by accruing income from contracts longer than one year.
• D)advising your auditors about a change in accounting procedures.

---

Definitions:

Psychology Of Persuasion

Study of how people are influenced to change their attitudes or behaviors by messages and communication techniques.

Disney World

A renowned entertainment complex in Florida known for its theme parks, resorts, and various attractions, targeted toward families and children.

Selling Cookies

The act of offering cookies for purchase, often associated with fundraising or charitable activities.

Stanford County Prison Experiment

A controversial psychological study conducted in 1971 that simulated a prison environment to examine the effects of power dynamics on behavior.