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NEW QUESTION 52
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and

• A. Isolation
• B. Violation
• C. Rationalization
• D. None of the above

Answer: C

NEW QUESTION 53
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

Answer:

Explanation:
Inventory control

NEW QUESTION 54
Which of the following is the MOST LIKELY result of a financial statement fraud scheme?

• A. Understated assets
• B. Overstated revenues
• C. Understated equity
• D. Overstated liabilities

Answer: D

Explanation:
Explanation/Reference: https://www.acfe.com/article.aspx?id=4294967799#:~:text=Fraud%20in%20financial%20statements%20takes,or%20understated%20liabilities%20and%20expenses.&text=The%20five%20classifications%20of%20financial,and%20expenses%2C%20and%20improper%20disclosures

NEW QUESTION 55
......

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