Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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Which of the following organizations are subject to a threat of fraud?
  1. Government organizations
  2. Not-for-profit organizations
  3. Large corporate firms
  4. All of the above
Explanation
Answer: D - Every type of organization is subject to fraud. It is rather inherent in nature, and the entity’s internal control procedures determine the level of threat it may be subjected to.
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