Which of the Following Statements About Fraud or Fraud Detection

question 108

Multiple Choice

Which of the following statements about fraud or fraud detection is true?

• A)Management may physically alter evidence to perpetrate and conceal the fraud.
• B)Fraudulent financial reporting is generally not material enough to consider.
• C)Journal entries will supply evidence necessary to detect fraud.
• D)The advent of new technology prevents fraud,thereby leading to less fraud over time.

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Definitions:

Nonrecurring Events

Events or activities that happen once and do not repeat over time.

Purpose Statement

A declaration that outlines the intent or goal of a document, project, or study.

Action Verbs

Words that express an action, whether physical or mental, often used to make writing more dynamic and powerful.

Primary Data

Primary data is original data collected directly by the researcher for a specific research purpose, as opposed to being gathered from existing sources.