1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bezzdna [24]
3 years ago
13

If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information

before issuing financial statements.
TRUE or FALSE.
Business
1 answer:
stepladder [879]3 years ago
6 0

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

You might be interested in
Monetary policy is made by which part of the federal reserve? the board of governors. the federal open market committee. the fed
aliya0001 [1]
<span>Monetary Policies in the United States are regulated by the Federal Open Market Committee (FOMC) which is a sister arm of the Federal Reserve Board and it says which direction the financial bearings and adjustment of the united state financial conditions sway towards A vote to transform the financial outcome of United States by this FOMC through it's monetary policies can either purchasing or offering US government securities in the open market to build up the advancement of the country.</span>
3 0
3 years ago
When it comes to executing plans, what is the role of a manager?
tiny-mole [99]

When it comes to executing plans, the role of a manager is controlling and problem solving.

<h3>Who is a manager?</h3>

Managers supervise the activities of others in order to achieve goals. Managers in the modern workforce may be in charge of systems or specific functions that do not involve humans.

A manager has several responsibilities in an organization. One of them is concerned with carrying out the plan devised to achieve organizational objectives. A manager uses this plan to control and solve problems that may arise while carrying out the plan, as well as to make necessary adjustments.

For example, compare actual results to planned results and make adjustments as needed.

Learn more about managers on:

brainly.com/question/24708179

#SPJ1

8 0
1 year ago
When does a substance releases heat?? (it's about changing state of matter)
Andrej [43]
Heat is released when a substance changes from a gas to a liquid, or from a liquid to a solid.

When a liquid changes to a solid, we refer to that as the process of 'freezing'.
3 0
3 years ago
In the United States, what is the average age range of CEOs?
Elina [12.6K]

Answer:

Go with either 40s or 50s (mainly 50s)

Explanation:

The more average age of CEOS stood in between 54.1 years, 4.1 years past 50s which is a little past the average range, it also said 40s on that chart too, but that must be for CFOS.

~<u>rere</u>

7 0
2 years ago
What is a regular savings account traditionally called?
Sphinxa [80]
A savings account is a savings account
4 0
3 years ago
Other questions:
  • Management now needs to determine the number of engines to be produced in each plant in each month, as well as the number of eng
    10·1 answer
  • Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Co
    7·1 answer
  • Which of the following is not a payroll tax deduction?
    12·1 answer
  • Economic systems differ according to which two main characteristics?A. the political system in place and the degree of scarcity
    9·1 answer
  • Choose the preferred sentence from each pair and justify your choice.
    10·1 answer
  • I need free pantyhose
    10·2 answers
  • Norbury Corporation's net income last year was $27,000. The company did not sell or retire any property, plant, and equipment la
    9·1 answer
  • Black Lilies is a fledgling apparel company which is run and managed by its creator Patricia. She has advertised for an accounti
    6·1 answer
  • Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a pe
    9·1 answer
  • Soul is a music genre that evolved from the songs made out of loneliness by​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!