Horizontal Analysis Can Be Used in Fraud Detection by ________

question 18

Multiple Choice

Horizontal analysis can be used in fraud detection by ________.

• A)checking the trend in earnings from year to year of persons suspected of fraud
• B)looking for significant changes in financial statement amounts and ratios across several fiscal periods
• C)looking for odd relations of one account to a base such as sales
• D)looking for the change in net worth of a suspect from the beginning to the end of a period

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Definitions:

Mutual Fund Managers

Professionals responsible for managing the investment portfolio of a mutual fund, making decisions about which securities to buy, hold, or sell.

Future Value

The value of a current asset at a specific date in the future based on an assumed rate of growth.

Interest Rate

The proportion of a total amount of money that is charged for borrowing it, usually represented as an annual rate.

Risk Averse

A description of individuals or entities that prefer to avoid risk and seek safer, more predictable outcomes.