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Which of the Following Situations Would Be Defined as Fraud

Question 5

Multiple Choice

Which of the following situations would be defined as fraud under the auditing standards?


A) Errors in the application of accounting principles.
B) Errors in the accounting data underlying the financial report.
C) Misinterpretation of facts that existed when the financial report was prepared.
D) Misappropriation of assets.

Correct Answer:

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