Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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Which of the following methods can provide absolute deterrence against fraudulent activities?
  1. Quality control internal methods
  2. Quality assessment methods
  3. Audit quality
  4. None of the above
Explanation
Answer: D - There is no method that can provide absolute deterrence against fraudulent activities. Absolute assurance and deterrence in relation to fraud is not realistic. Measures and controls can be enforced to minimize, prevent, and detect fraud, but the possibility of fraudulent activities cannot be absolutely deterred.
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