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Author Question: Fraud is more prevalent in smaller businesses and not-for-profit organizations because it is more ... (Read 71 times)

Ethanolson3

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Question 1

Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies that
◦ are heavily regulated.
◦ have low amounts of debt.
◦ have to make significant judgments for accounting estimates.
◦ operate in stable economic environments.

Question 2

Fraud is more prevalent in smaller businesses and not-for-profit organizations because it is more difficult for them to maintain
◦ adequate separation of duties.
◦ adequate compensation.
◦ adequate financial reporting standards.
◦ adequate supervisory boards.


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Marked as best answer by Ethanolson3 on Aug 21, 2022

bleep bloop

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Ethanolson3

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Reply 2 on: Aug 21, 2022
:D TYSM


covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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