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12.
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Which of the following is not a factor that relates to opportunities to commit fraudulent financial
reporting?
13. The most common technique used by management to misstate financial information is:
c. understatement of liabilities.
d. understatement of assets.
14.
medium
Which of the following is a factor that relates to incentives or pressures to commit fraudulent
financial reporting?
15.
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Which of the following is a factor that relates to attitudes or rationalization to commit fraudulent
financial reporting?
c a. Significant accounting estimates involving subjective judgments.
16.
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Which of the following statements describes circumstances that underlie employee incentives to
misappropriate assets?
c. If management cheats customers and gets away with it, then employees believe they can
d. Employees have a vested interest in making the company’s financial statements erroneous.
17. Which of the following is not a factor that relates to opportunities to misappropriate assets?
18. Which of the following is a factor that relates to incentives to misappropriate assets?
19.
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Which of the following issues is normally part of the “brainstorming” session required by SAS
No. 99?
a. Yes Yes
b. No No
c. Yes No
d. No Yes
20. In the fraud triangle, fraudulent financial reporting and misappropriation of assets: