Which of the Following Is a Finding of the Treadway

question 39

Multiple Choice

Which of the following is a finding of the Treadway Commission?

• A) Financial statement frauds occur very often, the average fraud lasts about two years.
• B) The CEO perpetrates the fraud in 72% of the cases.
• C) While financial statement frauds occur infrequently, they are extremely costly.
• D) Financial statement fraud occurs mostly in companies that are listed.

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Definitions:

Null Hypothesis

A baseline assumption that suggests no significant effect or difference exists, serving as the initial point for conducting tests on statistical significance.

Sample Mean

The average value of a set of numbers, calculated by summing them all up and then dividing by the count of these numbers.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, typically via the mean, median, or mode.

Inferential Statistics

The field of statistics focused on drawing conclusions or making forecasts about a whole population from a subset of collected data.