Recording an expense to conceal fraud involves making a fictitious journal entry. A faulty journal entry is an example of which fraud symptom?
a. Accounting anomaly
b. Internal control weakness
c. Unusual behavior
d. Analytical anomaly
a
FEEDBACK: a. Correct.
b. Incorrect. Internal control weaknesses include problems with segregation of duties and physical safeguards.
c. Incorrect. Unusual behaviors include increased nervousness, stress, drinking/drug use, insomnia, defensiveness, etc.
d. Incorrect. Analytical anomalies include abnormal overages/shortages and strange financial statement relationships.
You might also like to view...
Why does the text suggest avoiding writing verbatim notes?
a. They will decrease your ability to hear a message. b. They will decrease your ability to remember a message. c. They will distract you from the message. d. They will distract others around you from the message.
Ideally, the ISs of manufacturing organizations and their suppliers would be linked in a way that makes them subsystems of one large system.
Answer the following statement true (T) or false (F)
Financial statements are audited by outside accountants
A) because it is a requirement stated in the Internal Revenue Code. B) only when fraudulent financial reporting is suspected. C) who then report on whether or not the company is a good investment. D) to increase the users' confidence in the statements' reliability.
Minztberg discovered that managers ________________.
a. Are rational planners b. Are randomly disorganized c. Are extremely busy d. Play diverse improvisational roles