Kiting Would Least Likely Be Detected By

question 59

Multiple Choice

Kiting would least likely be detected by:

• A)Analyzing details of large cash deposits around year-end.
• B)Comparing customer remittance advices with recorded disbursements in the cash disbursements journal.
• C)Preparing a four-column bank reconciliation for all major cash accounts.
• D)Preparing a schedule of interbank transfers by using the client's records and bank statements around year-end.

---

Definitions:

Global Economy

The interconnected marketplace where goods, services, and labor are exchanged across worldwide platforms, transcending national borders.

Low-Cost Labor

Employment that is compensated at a low wage rate, often within industries or regions where labor rights are minimal or not rigorously enforced.

Capitalism

An economic system characterized by private or corporate ownership of goods and services, where production and consumption are driven by market forces and profit motive.

Economic System

An organized way a society structures its economic activities, such as production, distribution, and consumption of goods and services.