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c $5) Given all of the following fraud prevention methods within organizations, which is deemed...

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c $5) Given all of the following fraud prevention methods within organizations, which is deemed the most effective way to prevent fraud? 2 a. Reduce rationalization b. Have an open-door policy c. Increase the perception of detection d. Screen employees (36) The number one categorization (frequency) of financial statement fraud is due to the misuse of the concept of a. Cookie jar reserves b. Revenue recognition-overstatement c. Expense recognition d. Bribery and illicit payments (37. In 2004, CIT had net income of $754,000,000. Equipment Leasing was 16 percent of CIT's total assets. The stolen computers were valued at $637,000. The concept used to determine the level of risk assessment for these values is the concept of a. Materiality c. Opportunity R b. Remediation d. Goldbricking A

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