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    Auditing Study Set 2
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    Exam 7: Internal Control Over Financial Reporting
  5. Question
    Intentionally Overstating Revenues and Assets or Understating Expenses and Liabilities
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Intentionally Overstating Revenues and Assets or Understating Expenses and Liabilities

Question 9

Question 9

Multiple Choice

Intentionally overstating revenues and assets or understating expenses and liabilities is known as ________.


A) creative accounting
B) dangling
C) employee fraud
D) defalcation

Correct Answer:

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