A Key Control Environment Factor in Reducing the Risk of Fraudulent

question 59

Multiple Choice

A key control environment factor in reducing the risk of fraudulent financial reporting through the overstatement of saland accounts receivable is:

• A) management's adoption and adherence to high standards of integrity and ethical values.
• B) reducing the emphasis on sales targets.
• C) establishing an effective audit committee.
• D) all of the above.

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Definitions:

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group of observations fall.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in any given language, including word order.

Mean Length

Typically refers to the average length of a set of objects or figures, calculated by dividing the total length by the number of items.

Language Progress

The development or improvement in understanding, speaking, reading, or writing a language over time.