Which of the Following Statements Is NOT True

question 9

Multiple Choice

Which of the following statements is NOT true?

• A)In recent years there have been many cases of financial statement fraud.
• B)Proactive fraud detection methods are in their infancy.
• C)Accounting anomalies represent fraud and normally result in legal action being taken.
• D)Fraud investigation involves determining who committed the fraud,the schemes used and how much money or assets were taken.