Asset frauds are often easier to detect than other types of financial statement fraud because:
A) overstated assets are always included on the balance sheet.
B) of the off-book nature of asset frauds.
C) asset overstatements are almost always quite significant.
D) sufficient information will be provided in the notes to financial statements.

Question

Quizplus · Accepted Answer

Asset frauds often involve overstating assets, which are directly included on the balance sheet, making them easier to detect through analysis of reported financial positions.

Asset Frauds Are Often Easier to Detect Than Other Types