Which statementis false? a. Reactive auditing occars when there azve reasans to

Question

Which statementis false? a. Reactive auditing occars when there azve reasans to stuspect that fraud may have b. Fraudsters often make up a company name with three teters. e. Proactive auditing securs whon there are reasens to suspeet that fraud may have occurred eecurred. t can overtide controls. e. None of the above is faise. 12 Which statement is generally faise? a. Neither iaventory nor accounts receiveable should grow faster than sales. b. c. Ifnet inconae is meving up while eash fiow from operations is-driting downward The wend in operating income is as impertant as the trend is earnings. something may be wrong d. Horizental analysis iscommonly used-svith the Statenent of CashaFlow e. None et the abeveis false. 43 wbich scherwe dos not inflate saler? 2 a. Recognizing sales onvdisputed claims against custemers b Recegnizing sales without'shipping the goods. E. Uderstanding alHowanees for-sales discounts d. Recognizing faill sales amount for-partial shipments. e. Ail Inlate sales Given these facts, compaie inventory tarnover Total Asse Costs af Goods Sold Average lavet nterest Expense 850,000 1:69. e. 2.59. d. 7.69. Not enough information is.given

Explanation / Answer

Question Answer Explanation 41 b Fraudster does not resort to making company name in 3 letters 42 e None of the statements are false 43 e All statement will result in inflating sales 44 b =2200000/1300000=1.69

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