Which of the following is a finding of the Treadway Commission?
a. Financial statement frauds occur very often, the average fraud lasts about two years.
b. The CEO perpetrates the fraud in 72% of the cases.
c. While financial statement frauds occur infrequently, they are extremely costly.
d. Financial statement fraud occurs mostly in companies that are listed.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
You might also like to view...
See the account balances for Wolfe Inc On January 31, Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable. In Wolfe's trial balance prepared on January 31, 2016, the total of the credit column is:
a. $297,000 b. $287,000 c. $286,000 d. $275,000
It is easy for marketing managers to predict how long a product or brand will stay in each stage of the product life cycle.
Answer the following statement true (T) or false (F)
You deposit $1,000 in an account offering an 8% yield, compounded semi-annually. At the end of one year, your total earned interest is
A) $40.00. B) $40.80. C) $80.00. D) $81.60.
The Uniform Probate Code has been adopted in all states
Indicate whether the statement is true or false