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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 57
Which of the following combinations is a good way to conceal employee fraud but an ineffective means of perpetrating management (financial reporting) fraud?
A) Overstating sales revenue and overstating customer accounts receivable balances.
B) Overstating sales revenue and overstating bad debt expense.
C) Understating interest expense and understating accrued interest payable.
D) Omitting the disclosure information about related-party sales to the president's relatives at below-market prices.
A) Overstating sales revenue and overstating customer accounts receivable balances.
B) Overstating sales revenue and overstating bad debt expense.
C) Understating interest expense and understating accrued interest payable.
D) Omitting the disclosure information about related-party sales to the president's relatives at below-market prices.
Explanation
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Verified
Management fraud refers to a deliberate ...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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