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NEW QUESTION 22
Asset misappropriation schemes were the “middle children” of the study; they were more common than fraudulent statements and more costly than corruption.
- A. False
- B. True
Answer: A
NEW QUESTION 23
Which of the following is NOT the reason why senior management will overstate business statement?
- A. Trigger performance related compensation
- B. Meet personal performance criteria
- C. Comply with debit covenants
- D. Show a pattern of growth to support sale of a business
Answer: C
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 24
CORRECT TEXT
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
Answer:
Explanation:
Pending
NEW QUESTION 25
……
