Wgu c254 - Study guides, Class notes & Summaries

(WGU C254) ACCT 6000 Fraud & Forensic Accounting Objective Assessment Guide Q & A 2024.(WGU C254) ACCT 6000 Fraud & Forensic Accounting Objective Assessment Guide Q & A 2024.(WGU C254) ACCT 6000 Fraud & Forensic Accounting Objective Assessment Guide Q & A 2024.

C254 WGU Practice Review, Questions and answers, 100% Accurate. VERIFIED.

WGU C254 Fraud & Forensic Accounting, Questions and answers, 100% Accurate. VERIFIED. 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 statements so widely trusted? - -They are prepared with integrity, and there is a system that checks all pub...

WGU C254 - Fraud and Forensic Accounting, Questions and answers, Rated A+ the usual penalty in a civil case is - -Monetary Damages and Equitable Releif The burden of proof in a criminal case is - -beyond a reasonable doubt which of the following is a source of law in the United States? Case law, Constituational Law, Administrative Law, Statutory Law - -Constitutional, Statutory, Case, and Administrative law the first 10 amendments of the U.S. Constituion are the - -Bill of rights Dire...

WGU C254 Topic 6 Questions and Answers Graded A+ 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-related liabilities are understated, purchase and inventory are often ___________. Understated Which of the following types of fraud symptoms usually provides...

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 statements so widely trusted? - They are prepared with integrity and there is a system that checks all published statements. The SEC views auditors of public companies as "unreliable and frequently inco...

Which of the following are the four areas of the fraud exposure rectangle - -Management and Directors Relationship with others Organization & Industry Financial Results & Operational Characteristics To detect fraud, symptoms must be not Observed and Recognized - -True When is a contingent liability supposed to be recognized on the books (a contingent liability is the potential for a payout based on a court case or some other future event)? - -Probable Many accounts payable frauds occur w...

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-related liabilities are understated, purchase and inventory are often ___________. - Understated Which of the following types of fraud symptoms usually provides the best opportunity to find contingent li...

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 controls - Analyzing the Financial statements True or False Fearful of offending company personnel and being intimidated by company management are two reasons that an auditor could fail to react proper...