Which of the following are examples of fraudulent financial reporting? (Select all that apply.) Unrecorded liabilities Recording fictitious sales Improper asset valuations Writing checks to fictitious vendors X Your answer is incorrect. Which of the following are examples of opportunities that increase the risk that a fraud may have been perpetrated? (Select all that apply.) A high volume of transactions close to year-end A low turnover of staff with accounting responsibilities Significant adjusting entries and reversals after year-end Accounts that rely on estimates and judgment