Which of the following factors likely to be identified as a fraud factor by the auditor?
A. initial public offer of quality shares to raise additional capital for expansion
B. Bank reconciliation statement includes deposits-in-transit.
C. Plant and machinery is sold at a loss.
D. The company has made political contributions.
Answer:A
Which of the following factors likely to be identified as a fraud factor by the auditor?
A. initial public offer of quality shares to raise additional capital for expansion B. Bank reconciliation statement includes deposits-in-transit. C. Plant and machinery is sold at a loss. D. The company has made political contributions.