Which of the following is NOT and indicator of possible asset or income concealment?
a. Missing, inaccurate, or damaged records
b. Travel to off-shore tax havens or locations that allow secret bank accounts
c. Transactions frequently made in cash but normally made on account
d. Unusual increases in reported assets
e. All of the above are indicators of possible asset or income concealment
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct. A fraud perpetrator would conceal, not report, assets that s/he intends to keep from creditors in the case of a bankruptcy or a former spouse in the case of a divorce.
e. Incorrect.
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