Which of the Following Statements Is Accurate About "Fraud Risk

question 6

Multiple Choice

Which of the following statements is accurate about "fraud risk factors" considered when conducting an audit?

• A) Factors whose presence indicates that fraud exists.
• B) Factors whose presence often have been observed in circumstances where frauds have occurred.
• C) Factors whose presence will require modification to planned audit procedures.
• D) Factors obtained during the audit which lead to required communications with the audit committee.

---

Definitions:

Students Retained

Refers to pupils who are held back or repeat a grade level in school due to academic or other reasons.

Incentive Program

A strategy or scheme designed to motivate and encourage specific behaviors or actions by offering rewards or benefits.

Sick Leave

Paid or unpaid time away from work that employees can use during periods of temporary illness to remain home and heal.

Confidence Interval

A panorama of values, issuing from sample statistic studies, which might encompass the value of an unrevealed population parameter.