Which of the following is most helpful for detecting liability frauds?
A) Documents with banks and financial institutions
B) Interviews with shipping personnel
C) Lifestyle changes of upper management
D) Ratios that suggest liabilities are overstated

Question

Quizplus · Accepted Answer

This is the best answer and will often provide very useful information. The other options are not on track since shipping personnel won't deal with liabilities, financial statement fraud does not usually affect management's lifestyle and overstated liabilities is not a typical concern.

Which of the Following Is Most Helpful for Detecting Liability