Package deal
WGU C254 COMILED EXAM PACKAGE DEAL GRADED A+
WGU C254 COMILED EXAM PACKAGE DEAL GRADED A+
[Show more]WGU C254 COMILED EXAM PACKAGE DEAL GRADED A+
[Show more]People will often be dishonest if they are placed in: 
a. An environment with poor controls. 
b. An organizational setting with strict accountability 
c. Positive modeling and labeling. 
d. A positive work environment. - An environment with poor controls. 
Which of the following is not a factor in c...
Preview 2 out of 5 pages
Add to cartPeople will often be dishonest if they are placed in: 
a. An environment with poor controls. 
b. An organizational setting with strict accountability 
c. Positive modeling and labeling. 
d. A positive work environment. - An environment with poor controls. 
Which of the following is not a factor in c...
According to the financial statement fraud detection framework, fraud is rarely detected by which of the 
following: 
a. Analyzing the financial statements 
b. Understanding the inherent risks of a specific industry 
c. Learning management's motivations 
d. Breaking down and analyzing internal cont...
Preview 1 out of 3 pages
Add to cartAccording to the financial statement fraud detection framework, fraud is rarely detected by which of the 
following: 
a. Analyzing the financial statements 
b. Understanding the inherent risks of a specific industry 
c. Learning management's motivations 
d. Breaking down and analyzing internal cont...
Which are the two most commonly manipulated to perpetrate financial statement fraud? - 
Revenues and Accounts Receivable 
SAS 99 requires auditors to assume there are material misstatements in revenue, though realizing there 
are situation-specific methods to recognize revenue and interpret the asso...
Preview 1 out of 3 pages
Add to cartWhich are the two most commonly manipulated to perpetrate financial statement fraud? - 
Revenues and Accounts Receivable 
SAS 99 requires auditors to assume there are material misstatements in revenue, though realizing there 
are situation-specific methods to recognize revenue and interpret the asso...
Which of the following is a transaction that creates real liabilities for a company? 
a. Co-signing on a loan as a secondary signee. 
b. Collecting cash prior to the performance of a service. 
c. None of the above. - Collecting cash prior to the performance of a service 
When accounts payable-relate...
Preview 1 out of 4 pages
Add to cartWhich of the following is a transaction that creates real liabilities for a company? 
a. Co-signing on a loan as a secondary signee. 
b. Collecting cash prior to the performance of a service. 
c. None of the above. - Collecting cash prior to the performance of a service 
When accounts payable-relate...
Which of the following types of frauds are considered the most difficult to find, usually requiring a tip? 
a. Overstatement of asset-related financial statement fraud. 
b. Inadequate disclosure financial statement fraud. 
c. Revenue-related financial statement fraud. 
d. Cost of goods sold-related ...
Preview 1 out of 4 pages
Add to cartWhich of the following types of frauds are considered the most difficult to find, usually requiring a tip? 
a. Overstatement of asset-related financial statement fraud. 
b. Inadequate disclosure financial statement fraud. 
c. Revenue-related financial statement fraud. 
d. Cost of goods sold-related ...
America's capital markets are the envy of the world because of their efficiency, liquidity, and resiliency. 
What role do financial statements play in American capital markets? - They present a fair picture 
of the financial position and results of the organization 
Why are American financial state...
Preview 1 out of 3 pages
Add to cartAmerica's capital markets are the envy of the world because of their efficiency, liquidity, and resiliency. 
What role do financial statements play in American capital markets? - They present a fair picture 
of the financial position and results of the organization 
Why are American financial state...
Which action is potentially unethical because it understates COGS? 
A. Understating purchases 
B. Understating purchase returns 
C. Understating ending inventory 
D. Understating purchase discounts - A 
Why is it unethical for a supervisor to ask an accountant to capitalize the marketing research pr...
Preview 2 out of 13 pages
Add to cartWhich action is potentially unethical because it understates COGS? 
A. Understating purchases 
B. Understating purchase returns 
C. Understating ending inventory 
D. Understating purchase discounts - A 
Why is it unethical for a supervisor to ask an accountant to capitalize the marketing research pr...
In the past (early 20th century time-frame), what was the general consensus of the principal purpose of 
audits (including among auditors)? 
To detect fraud 
To certify for the public that management is qualified to run the entity 
To evaluate that companies follow GAAP 
Investigative and analytical...
Preview 4 out of 69 pages
Add to cartIn the past (early 20th century time-frame), what was the general consensus of the principal purpose of 
audits (including among auditors)? 
To detect fraud 
To certify for the public that management is qualified to run the entity 
To evaluate that companies follow GAAP 
Investigative and analytical...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now