A Recent Survey of Fraud by International Accounting Firm KPMG

Multiple Choice

A recent survey of fraud by international accounting firm KPMG reported

A) reported a 13% decrease in instances of corporate fraud compared with five years earlier.
B) that employee fraud (such things as expense account abuse, payroll fraud, and theft of assets) represents 60% of all instances of fraud.
C) financial reporting fraud (the intentional misstatement of financial reports) was the least costly to companies.
D) business scandals with large investment losses and few employee layoffs.