According to a COSO-sponsored study, most companies committing financial statement fraud had all of the following characteristics except:
A) The companies were large
B) The companies had inactive audit committees
C) The companies had family members among directors or officers
D) all of the above

Question

Quizplus · Accepted Answer

A: Correct; most companies that commit financial statement fraud are relatively small.
B: Incorrect; this is a true statement.
C: Incorrect; this is a true statement
D: Incorrect

According to a COSO-Sponsored Study, Most Companies Committing Financial Statement