Financial statement fraud is complex because:
A) More than one account is usually affected
B) More than one person is usually involved
C) Most people do not have access to the source documents and therefore cannot detect the fraud
D) All of the above

Question

Financial statement fraud is complex because: 
A) More than one account is usually affected
B) More than one person is usually involved
C) Most people do not have access to the source documents and therefore cannot detect the fraud
D) All of the above

Quizplus · Accepted Answer

Financial statement fraud usually involves multiple accounts and multiple people to carry out the fraud. Additionally, many people do not have access to the source documents needed to detect the fraud, making it even more complex.

Financial Statement Fraud Is Complex Because