Which of the following fraud symptoms is least helpful in detecting and often not relevant in financial statement fraud in large organizations?
A) Behavioral or verbal flags
B) Tips and complaints
C) Extravagant lifestyles
D) Analytical symptoms

Question

Quizplus · Accepted Answer

Fraud in smaller companies and other types of misappropriation are often driven by lifestyle; the symptom of extravagant lifestyles is often not relevant in financial statement fraud in large organizations. Most financial statement fraud does not benefit perpetrators directly.

Which of the Following Fraud Symptoms Is Least Helpful in Detecting