Which of the following is NOT helpful in detecting inadequate disclosure fraud?
A) A tip or a complaint
B) Making inquiries of management regarding related-party transactions, contingent liabilities and contractual obligations
C) Looking for inconsistencies between disclosures and information in the financial statements and other information available
D) Searching for analytical symptoms in the financial statements

Question

Quizplus · Accepted Answer

Searching for analytical symptoms in the financial statements can help detect financial statement fraud, but it is not specifically helpful in detecting inadequate disclosure fraud. The other options (A, B, C) are all helpful in detecting inadequate disclosure fraud.

Which of the Following Is NOT Helpful in Detecting Inadequate