Which of the following is an example of a perceived opportunity that can lead to financial statement fraud?
A) Inability to compete with other companies
B) Independent audit and a strong board of directors
C) Thinking that fraud is good for the company
D) Inadequate internal controls

Question

Quizplus · Accepted Answer

Inadequate internal controls can create a perceived opportunity for individuals to commit financial statement fraud, as it may be easier to manipulate financial records without detection.

Which of the Following Is an Example of a Perceived