According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO), who is the most common perpetrator of financial statement fraud?
a. Chief Executive Officer
b. Chief Financial Officer
c. Chief Operating Officer
d. Finance Controller
a
FEEDBACK: a. Correct. The CEO is the most common perpetrator of financial statement fraud.
b. Incorrect.
c. Incorrect.
d. Incorrect.
You might also like to view...
Culture is a determining rather than an influencing factor in the context of marketing
Indicate whether the statement is true or false
Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment?
a. Average b. LIFO c. FIFO d. HIFO
The employees of Beverage Bottling Company designate Cola Cappers Union as their bargaining representative. Beverage refuses to bargain with the union. This violates? A) the National Labor Relations Act
B) the Fair Labor Standards Act. C) the Social Security Act. D) no federal law.
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first
processing department is closest to: A. $17.02 B. $15.28 C. $18.29 D. $16.42