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

question 42

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:

Insomnia

A common sleep disorder characterized by trouble falling asleep, staying asleep, or getting quality sleep.

Insomnia

A condition that causes trouble with either initiating or maintaining sleep.

Narcolepsy

A lasting sleep disturbance featuring intense sleepiness throughout the day and spontaneous sleep attacks.

REM Sleep

A phase of sleep characterized by rapid eye movement, increased brain activity, vivid dreams, and temporary paralysis of the major muscles, considered important for memory and learning.