Which of the following statements is incorrect?
A. A fraud prevention program starts with a fraud risk assessment across the entire firm.
B. Communicating a firm's policy file to employees is one of the most important responsibilities of management.
C. A fraud prevention program should include an evaluation on the efficiency of business processes.
D. The audit committee typically has an oversight role in risk assessment process.
Answer: C
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Investments in bonds that management intends to hold to maturity are called trading securities
a. True b. False Indicate whether the statement is true or false
A corporation is a separate entity from its owners where the:
A. owners are not personally responsible for the obligations of the company. B. articles of incorporation are not required to set up the company. C. company cannot enter into binding contracts in its name. D. death or withdrawal of an owner dissolves the company.
A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If interest rates rise and the yield to maturity increases to 8.6%, what will happen to the price of the bond?
A) The price of the bond will fall by $18.93. B) The price of the bond will fall by $15.78. C) The price of the bond will rise by $15.78. D) The price of the bond will not change.
A balanced scorecard greatly helps in identifying the real drivers of customer satisfaction
a. True b. False Indicate whether the statement is true or false