Objective questions based on finance problems

Reference no: EM1351019

3. Who is financial statement fraud harmful to?
a)Investors.
b)Markets.
c)Society.
d)All of the above.

6. About half of all financial statement fraud crimes involve:
a)Understatement of liabilities.
b)Overstatement of capital.
c)Overstatement of assets and revenues.
b)Alteration of source documents.

12. How do public oversight boards help prevent financial statement fraud?
a) They perform post-audit evaluation of financial statements.
b)They set standards for auditors.
c)They educate CEO's and CFO's on ways to prevent financial statement fraud.
d)They help enforce SOX standards within corporations.

Reference no: EM1351019

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