Symptoms of Fraud That Can Be Detected by Internal Controls

question 19

Multiple Choice

Symptoms of fraud that can be detected by internal controls include all of the following except:

• A)missing documents.
• B)delayed bank deposits.
• C)employees who do not take vacations or go out of their way to work overtime.
• D)large increase in network traffic.

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Definitions:

Tax Advantages

Financial benefits derived from tax laws, which reduce the tax liability of an individual or business.

Limited-Liability

This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

State

A political entity with a centralized government that has sovereignty over a geographic area.