The auditor is most likely to presume that a high risk of a fraud exists if
A. The entity is a multinational company that does business in numerous foreign countries.
B. The entity does business with several related parties.
C. Inadequate segregation of duties places an employee in a position to perpetrate and conceal theft.
D. Inadequate employee training results in lengthy EDP exception reports each month.
C. Inadequate segregation of duties places an employee in a position to perpetrate and conceal theft.
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In the United States, Levi Strauss & Company has to face competitive behavior since Wrangler and Lee brands are being marketed by VF Corporation
Indicate whether the statement is true or false
Which of the following is an example of intensive growth?
A) a company improves its market share with its current products in the current markets B) a company enters a new market with current products C) a company develops new products for its existing markets D) a company improving sales by integrating backward E) a company developing new products for new markets
All of the following are typically costs that fail the future benefits test of long-lived operating assets except:
a. costs related to research and development b. costs related to marketing c. costs related to brand-building activities d. costs of equipment used in production
Some cellular providers are signing deals with business partners wanting to market products based on specific phone users' locations and calling habits. These cellular providers are participating in a new trend called ________
A) telemarketing B) data warehousing C) reality mining D) virtual mining E) prediction marketing