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AnnyKZ [126]
3 years ago
6

A smart fraudster usually manipulates which financial record in order to better avoid an audit trail? Group of answer choices In

come statement. Balance sheet. Statement of cash flows. Both b and c are correct.
Business
1 answer:
shtirl [24]3 years ago
4 0

Answer:

Income statement.

Explanation:

Income statement reports on activities of the business only for a specific period of time. At the end of period all the accounts are closed and becomes zero, so, it is easy to conceal the fraud by erasing the audit trail. On the other hand Balance sheets carry balances from period to period, making it difficult to conceal fraud as these balance are easily traceable. The statement of cash flows also carries balances over from period to period, making it difficult too, to conceal the fraud over the long period of time.

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2 years ago
What are two reasons for converting a document or record into a digitized format?
Rom4ik [11]
Main reasons are...

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4 0
4 years ago
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Andrews [41]
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