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1-10 Please and thank you very much! QUESTION1 Which of the following would be least likely to indicate potential fraud activity? a. increased business with
1-10 Please and thank you very much!
QUESTION1 Which of the following would be least likely to indicate potential fraud activity? a. increased business with related parties b. increased borrowing at one specific bank C. increased numbers of short sales by investors d. increased customer appreciation activitie:s QUESTION 2 10-K forms refer to which of the following? a. the corporate reports filed with the SEC. O b. the press releases to the newswires. O C. the bankruptcy filing document O d. the tax returns filed with the IRS QUESTION3 A CEO believes that the company should try to keep the stock price high by manipulating the financial statements to protect its shareholders. Which element of the fraud triangle is discussed here? a. Trauma b. Perceived opportunitv c. Perceived pressure d. Rationalization QUESTION 4 According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO), who is the most common perpetrator of financial statement fraud? a. Finance Controller b. Chief Operating Officer c. Chief Executive Officer o d. Chief Financial Officer QUESTION5 Examining a company's relationships with other individuals and entities can reveal important information about financial statement fraud. Identify the piece of information that is correctly linked to its source. a. Examining a company's relationships with its lawyers will show whether management is able to unduly influence the selection of accounting principles and the determination of significant estimates. b. Examining relationships with financial institutions will show whether there has been significant "short selling" of the company's stock. c Examining relationships with regulatory bodies will show whether the company has recently changed legal counsel O d. Examining relationships with related parties will show whether there are unusual transactions that significantly improve the company's reported financial performanceStep by Step Solution
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