Ask Question
18 November, 21:49

Which of the following is an example of a perceived opportunity that can lead to financial statement fraud? a. Thinking that fraud is good for the company b. Independent audit and a strong board of directors c. Inability to compete with other companies d. Inadequate internal controls

+2
Answers (1)
  1. 19 November, 01:41
    0
    D. Inadequate internal controls

    Explanation:

    When you have inadequate internal controls, You did not create a proper security measures along with account abilities toward the the employees' action.

    you provide opportunities for your employees to conduct criminal acts from within the company.

    For example, they can falsify sales record, changing the numbers in your accounting statement, providing crucial information to your computers, Purposefully hide a certain transaction, etc
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is an example of a perceived opportunity that can lead to financial statement fraud? a. Thinking that fraud is good ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers