Which of the following statements is NOT true?
A) Accounting errors are usually spread evenly throughout a data set.
B) Traditional auditing methods are more suited to finding errors than fraud.
C) Accounting anomalies indicate fraud has occurred or is occurring.
D) Fraud investigation involves determining who committed the fraud, the schemes used, and how much money or assets were taken.

Question

Quizplus · Accepted Answer

Accounting anomalies do not necessarily indicate that fraud has occurred; they may simply be errors or irregularities that require further investigation.

Which of the Following Statements Is NOT True