Which type of misstatement is always a fraud?
A. sales included in the journals for which no shipment was made
B. sales to related parties, such as officers and subsidiaries
C. shipments made to nonexistent customers and recorded as sales
D. sales recorded more than once.
Answer:C
Which type of misstatement is always a fraud?
A. sales included in the journals for which no shipment was made B. sales to related parties, such as officers and subsidiaries C. shipments made to nonexistent customers and recorded as sales D. sales recorded more than once.