Question
The most difficult type of misstatement to detect fraud
is based on __________.Solution
The most difficult type of misstatement to detect fraud is based on omission of a sales transaction from being recorded. This type of fraud involves deliberately not recording a sales transaction, which can be challenging to detect because there may be no documentation or evidence of the unrecorded transaction in the company's financial records. It requires a more comprehensive and thorough examination of the company's internal controls and transaction records to uncover such omissions.
Which of the following is a key factor considered in calculating the Loss Given Default (LGD) in credit risk models?
Which of the following is a characteristic of a global financial center?
1) Presence of a large number of financial institutions and services.
Legal risk in a bank can lead to which of the following?
                     I.       claims against institution,<...
As per Section 47 of the Companies Act, 2013, every member of a company limited by shares and holding equity share capital therein, shall ha...
Export/import to which of these countries cannot generally be settled through Asian Clearing Union mechanism?
For more than three years (unsecured) doubtful advances, provision will be made for
Consider the following statements about the budget estimates of fiscal year 2023-24.
1. The share of subsidies is more than the share of defen...
Which of the following best describes a "bulge bracket" investment bank?
The Prime Minister’s Task Force on MSMEs has set annual lending targets for banks. What is the recommended year-on-year growth in credit and accounts ...
What does MRR stand for?
