Dylan,the accountant of Skylar Constructions,is being suspected for altering entries in the books of accounts and transferring the difference to a separate account.Dylan has recently bought a luxury car.You are appointed to investigate the fraud.Which of the following is a good preliminary hypothesis for the case?
A) Skylar uses perpetual inventory method which reduces the probability of detection of fraud.
B) Dylan shares a good rapport with the auditor of the company, enhancing the opportunity to commit fraud.
C) Dylan recently bought a luxury car, the sources of funds for which is yet to be determined.
D) The financial statements of the company are reported quarterly, increasing the probability of detection.
Correct Answer:
Verified
Q4: An arbitration panel should include at least
Q5: A hypothesis is simply a statement of
Q6: The interview sequence should always start with
Q7: Financial statements analysis may reveal unexpected relationships
Q8: Under the periodic inventory method
A) inventory account
Q10: Which of the following journal entries is
Q11: Which of the following is the objective
Q12: Ariel,the CFO of Zaria,Corp.,suspects that the profits
Q13: Stealing cash revenue after it has been
Q14: Diverting proceeds of business loans for personal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents