Which of the following is true for accounting anomalies?
A)They are primarily caused by lack of training.
B)They represent intentional sabotage of controls.
C)They are problems caused by failures in systems,procedures,and policies.
D)They represent fraud and normally result in legal action being taken.

Question

Quizplus · Accepted Answer

Accounting anomalies are problems caused by failures in systems, procedures, and policies. They are not necessarily intentional or fraudulent in nature, and may not result in legal action being taken. Lack of training may contribute to accounting anomalies, but is not the primary cause. Sabotage of controls would fall under the category of fraud, which is not the only type of accounting anomaly.

Which of the Following Is True for Accounting Anomalies