Which of the following statements is the least useful means to detect revenue-related frauds?
A) Comparing financial statement amounts with the assets they represent
B) Comparing the financial statement performance between similar companies within the same industry
C) Focusing on changes in financial statement revenue-related relationships
D) Focusing on changes in recorded account balances from period to period

Question

Quizplus · Accepted Answer

Comparing financial statement amounts with the assets they represent is less directly related to detecting revenue-related frauds compared to the other options, which focus on analyzing revenue trends and comparisons.

Which of the Following Statements Is the Least Useful Means