One of the first tasks to understand the various revenue transactions in the company to uncover the revenue frauds is to:
a. determine how each transaction could be misstated.
b. evaluate the efficiency of the management.
c. analyze and diagram the various transactions between an organization and its customers.
d. identify scheme-specific symptoms and proactively search for more fraud.
c
FEEDBACK: a. Incorrect. This is the second step.
b. Incorrect.
c. Correct. This is the first step in understanding potential fraud risks in a company.
d. Incorrect.
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