Which of the Following Is True for Accounting Anomalies

question 16

Multiple Choice

Which of the following is true for accounting anomalies?

• A)They are primarily caused by lack of training.
• B)They represent intentional sabotage of controls.
• C)They are problems caused by failures in systems,procedures,and policies.
• D)They represent fraud and normally result in legal action being taken.

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Definitions:

Financial Planning

The method of calculating the essential capital and identifying its competition involves forming financial strategies concerning the acquisition, investment, and management of an enterprise's capital.

Planning Horizon

is the time period a planner or decision maker looks into the future for when making strategic decisions.

Financial Plan

A comprehensive document detailing an individual's or organization's long-term financial goals and the strategies to achieve them.

Financial Planning

The process of determining how an individual or organization will afford to achieve its strategic goals and objectives.