Financial statement fraud often involves:
A) A high level financial executive
B) Large dollar amounts
C) The collusion of two or more employees
D) All of the above

Question

Financial statement fraud often involves: 
A) A high level financial executive
B) Large dollar amounts
C) The collusion of two or more employees
D) All of the above

Quizplus · Accepted Answer

Financial statement fraud often involves a high level financial executive who has access to and control over the company's financial records. Large dollar amounts are often involved in these types of fraud. Additionally, collusion between two or more employees may be necessary to carry out the fraud scheme. Therefore, all of the above choices are frequently seen in cases of financial statement fraud.

Financial Statement Fraud Often Involves