Two of the most useful warning signals that can indicate that revenue fraud is occurring are
A) analytical procedures and documentary discrepancies.
B) analytical procedures and misappropriation of assets.
C) documentary discrepancies and vague responses to inquiries.
D) missing audit evidence and vague responses to inquiries.

Question

Quizplus · Accepted Answer

Analytical procedures can help detect inconsistencies or abnormalities in revenue data, while documentary discrepancies can indicate falsified or altered records. Both of these warning signals suggest that revenue fraud may be occurring. The other answer choices include only one useful warning signal or include signals that are not specifically related to revenue fraud.

Two of the Most Useful Warning Signals That Can Indicate