a. covered transactionb. possible suspicious transactionc. confidential transactiond. immoral transactione. illegal transaction You are a bank manager and one of your valued clients is dividing hisdeposits into 2 by filling up two deposit slips upon the effectivity ofAMLA but his total average deposit of P700k remained the same. Uponquery, he explained to you that he is hiding his deposits from his wife.How do you consider the deposit?

This is an example of confidential information... Because to hiding of the deposit from the wife…

Answered: covered transaction b. possible…

covered transaction b. possible suspicious transaction c. confidential transaction d. immoral transaction e. illegal transaction

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

Question

a. covered transaction

b. possible suspicious transaction

c. confidential transaction

d. immoral transaction

e. illegal transaction

You are a bank manager and one of your valued clients is dividing his
deposits into 2 by filling up two deposit slips upon the effectivity of
AMLA but his total average deposit of P700k remained the same. Upon
query, he explained to you that he is hiding his deposits from his wife.
How do you consider the deposit?

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