Financial statement fraud, like other fraud, is rarely visible and may be concealed through which of the following?
A) Unintentional errors
B) Collusion
C) Falsified documentation
D) B and C
E
All of the above

Question

Quizplus · Accepted Answer

The chapter indicates that two of the ways that financial statement fraud may be concealed is through B & C. A is not a correct answer because in order for there to be fraud the misstatement has to be intentional. Unintentional errors do not constitute fraud.

Financial Statement Fraud, Like Other Fraud, Is Rarely Visible and May