According to COSO's study, Fraudulent Financial Reporting: 1998-2007, which of the following is the most likely to commit financial statement fraud?
A) Organized criminals
B) Mid-level employees
C) The chief exective officer and/or chief financial officer
D) Lower-level employees

Question

Quizplus · Accepted Answer

According to COSO's study, the CEO and/or CFO were the most likely to commit financial statement fraud, with 72% of the cases involving their active involvement. Mid-level employees were next in line at 15%, followed by lower-level employees at 13%. Organized criminals were not a significant factor, as they were involved in only 1% of the cases.

According to COSO's Study, Fraudulent Financial Reporting: 1998-2007, Which of the Following