Which of the following is not a potential fraud indicator in the acquisition cycle?
A)expenses that are significantly above or below industry norms.
B)expense accounts that have significant debit entries.
C)payments made to senior officers in the form of loans that are subsequently forgiven.
D)capital assets that seem to be growing faster than the business.

Question

Quizplus · Accepted Answer

Expense accounts with significant debit entries are not typically considered a fraud indicator in the acquisition cycle. Debit entries in expense accounts are normal as they represent expenses incurred by the company.

Which of the Following Is Not a Potential Fraud Indicator