How do public oversight boards help prevent financial, Ask an Expert

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3. Who is financial statement fraud harmful to?
a)Investors.
b)Markets.
c)Society.
d)All of the above.

6. About half of all financial statement fraud crimes involve:
a)Understatement of liabilities.
b)Overstatement of capital.
c)Overstatement of assets and revenues.
b)Alteration of source documents.

12. How do public oversight boards help prevent financial statement fraud?
a) They perform post-audit evaluation of financial statements.
b)They set standards for auditors.
c)They educate CEO's and CFO's on ways to prevent financial statement fraud.
d)They help enforce SOX standards within corporations.

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Basic Finance, Finance

Category:- Basic Finance
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