Solved

Which of the Following Information Discovered During an Audit Most

Question 824

Multiple Choice

Which of the following information discovered during an audit most likely would raise a question concerning possible illegal acts?


A) Related party transactions, although properly disclosed, were pervasive during the year.
B) The entity prepared several large checks payable to cash during the year.
C) Material internal control weaknesses previously reported to management were not corrected.
D) The entity was a campaign contributor to several local political candidates during the year.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions