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Forensic Accounting

Category - Specialized Forensic Knowledge

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What does exclusive fraud mean?

Excluding Notes to the Financial Statements
Excluding liabilities and legal obligations from the financial statements
Fraud related to Statement of Comprehensive Income
Fraud related to Statement of Financial Position

Explanation

Answer: B - Exclusive fraud refers to the exclusion of liabilities and other legal obligations from the financial statements. Such omission is significant and results in the non-disclosure of certain facts.

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