Which of the Following Is Not an Example of Obvious

question 30

Multiple Choice

Which of the following is not an example of obvious financial reporting frauds as discussed in the text?

• A)Keeping the books open for a few days after the end of the reporting period.
• B)Transferring assets to an affiliate at more than their actual value.
• C)Recording as assets expenditures that should have been classified as expenses.
• D)Recording a liability when title to merchandise passes to the purchaser.

---

Definitions:

Corporate Deviance

Unlawful or unethical behavior committed by businesses, often hidden from public view, to increase profit or market dominance.

Employee Theft

The act of stealing goods, money, or time (such as falsifying work hours) from an employer.

Organized Crime

Illegal operations orchestrated by influential organizations and executed extensively.

Promotional Opportunity

A chance or scenario where an individual or entity can advance or benefit, often in a professional or marketing context.