According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO) , the average fraud lasts for how many months?
a. 12 months
b. 18 months
c. 24 months
d. 30 months
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct. The average period of a financial statement fraud is 24 months.
d. Incorrect.
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