Homework Clinic
Social Science Clinic => Accounting => Topic started by: Alainaaa8 on Jul 6, 2018
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An artful plot or plan, usually to deceive others is called a
A) fraud scheme.
B) fraud hypothesis.
C) fraud arbitration.
D) fraud mediation.
Question 2
Which of the following is an obligation that relates to professional responsibility?
A) to ensure all financial processes of the organization are insulated from fraudulent activities
B) to always do exactly what a client wants no matter what the circumstances
C) cooperate with other professional members to improve the art of accounting, maintain the public's confidence
D) to employ the degree of knowledge, skill, and judgment ordinarily possessed by members of the profession
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Answer to Question 1
A
Explanation: A) A scheme is an artful plot or plan, usually to deceive others.
Answer to Question 2
D
Explanation: D) Professional responsibility includes employing the degree of knowledge, skill, and judgment ordinarily possessed by members of the profession.