Red Flags That Auditors Can Use to Alert Them to the Possibility

question 28

Multiple Choice

Red flags that auditors can use to alert them to the possibility that a fraud may have occurred include

• A) strong internal controls.
• B) routine transactions.
• C) a high turnover of key employees.
• D) effective internal auditing staff.

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Definitions:

Positive Note

An optimistic or hopeful message, often used to conclude a communication in a pleasant manner.

Negative News

Information or messages that convey unfavorable, disappointing, or adverse developments.

Social Media Environment

The platforms and networks where users create, share, and interact with content and each other online.

Negative Information

Unfavorable data or facts that may impact perceptions or decisions negatively.