Disclosure frauds occur through misrepresentations about the company or through what other intentional act?
a. omissions in the footnotes to the financial statements
b. falsely increasing sales
c. creating off-balance sheet accounts
d. conducting related-party transactions
a
FEEDBACK: a. Correct
b. Incorrect; this is financial statement fraud.
c. Incorrect; this is financial statement fraud.
d. Incorrect; not disclosing related-part transactions is disclosure fraud.
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