The auditor is most likely to presume that a high risk of a fraud relating to the misappropriation of assets exists if:
A. inadequate employee training results in lengthy EDP exception reports each month.
B. the entity does business with several related parties.
C. the entity is a multinational company that does business in numerous foreign countries.
D. inadequate segregation of duties places an employee in a position to perpetrate and conceal theft.
Answer: D
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Authoritative executions are the most widely used in the:
A) business-to-business sector B) consumer sector C) services sector D) governmental sector
Which of the following best represents the core goal of ISO 26000?
a. emphasizing and applying human rights to business’s current understanding of ethical practice b. advocating for socially responsible business practices by studying and rating major corporations on an ethical scale c. creating a common conceptualization of “social responsibility” and offering best practices for how to make it part of management d. developing a common curriculum for ethics that can be taught to students regardless of culture
Gain and losses are reported on the multi-step income statement under which of the following classifications?
A) Cost of sales B) Other revenues and expenses C) Operating revenues and expenses D) Gross margin
A marketing plan is a written statement of a marketing strategy and the time-related details for carrying out the strategy.
Answer the following statement true (T) or false (F)