Question
2.Which of the following is not likely to deter financial statement fraud? A. Reducing the amount of inventory on-hand. B. Establishing Board of Directors and
2.Which of the following is not likely to deter financial statement fraud?
A. Reducing the amount of inventory on-hand.
B. Establishing Board of Directors and Audit Committee oversight in line with anti-fraud best practices.
C. Segregation of duties for acquisition, payment, recordation, stewardship andreporting of assets.
D. Establishing a whistleblower hotline and protections for whistleblowers.
E. None of the above.
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
