What Are the Types of Fraud That Might Occur in a Company

question 24

Multiple Choice

What are the types of fraud that might occur in a company?

• A)misstatements might occur when unearned revenue is not properly recorded
• B)misstatements might occur from fraudulent financial reporting
• C)misstatements might occur when assets are misappropriated from the business
• D)misstatements might occur when inventory is not properly counted
• E)misstatements might occur when management adjustments are made at the end of the reporting period
• F)Both B and C

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Definitions:

Distorted Impressions

False or misinterpreted representations of reality based on faulty perceptions or biases.

Heights

A measurement of how tall a person, object, or geographical feature is, typically measured from base to top.

Graphical Excellence

The effective display of data that maximizes the reader's understanding and ability to discern patterns or insights, with accuracy and simplicity.

Univariate

Referring to the analysis of data involving only one variable.