Fraud risk factors are events or conditions that indicateI. An incentive or pressure to perpetrate fraud.II. An opportunity to carry out the fraud.III. An attitude or rationalization that justifies the fraudulent action.Which of the following statements is true?a. I is a fraud risk factor.b. I and II are fraud risk factors.c. II and III are fraud risk factors.d. None of these is a fraud risk factor.e. I, II, and III are fraud risk factors.
Fraud risk factors are events or conditions that indicateI. An incentive or pressure to perpetrate fraud.II. An opportunity to carry out the fraud.III. An attitude or rationalization that justifies the fraudulent action.Which of the following statements is true?a. I is a fraud risk factor.b. I and II are fraud risk factors.c. II and III are fraud risk factors.d. None of these is a fraud risk factor.e. I, II, and III are fraud risk factors.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Fraud risk factors are events or conditions that indicate
I. An incentive or pressure to perpetrate fraud.
II. An opportunity to carry out the fraud.
III. An attitude or rationalization that justifies the fraudulent action.
Which of the following statements is true?
a. I is a fraud risk factor.
b. I and II are fraud risk factors.
c. II and III are fraud risk factors.
d. None of these is a fraud risk factor.
e. I, II, and III are fraud risk factors.
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