Suspicious activity reporting:
A)Only applies to banking transactions
B)Is mandated by state, but not federal, regulations
C)Is mostly concerned with embezzlement issues
D)Requires CPAs to report questionable financial transactions to the U.S.Treasury Department.

Question

Quizplus · Accepted Answer

Suspicious activity reporting is a requirement for CPAs to report questionable financial transactions to the U.S. Treasury Department, not limited to banking transactions, and is mandated by federal regulations, covering a broad range of financial crimes beyond just embezzlement.

Suspicious Activity Reporting