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ElenaW [278]
2 years ago
14

_____ are relationships in financial or nonfinancial data that do not make sense, such as an unreasonable change in a volume, mi

x, or price. a. Analytical anomalies b. Accounting anomalies c. Auditing anomalies d. Control weaknesses
Business
1 answer:
butalik [34]2 years ago
4 0

Answer:

A) Analytical anomalies

Explanation:

When forensic auditors search for signals of fraud, they will look for "red flags" that include:

  1. Accounting anomalies
  2. Internal control weaknesses
  3. Analytical anomalies
  4. Operational anomalies
  5. Behavioral anomalies

This red flags are unusual circumstances that are not consistent with normal accounting activities.  

Analytical anomalies are transactions regarding people, events, relationships or procedures that do not make any sense from the business's point of view, e.g. excessive number of checking accounts or banks used, unexpected declines in cash balances, etc.

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Bezzdna [24]

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8 0
2 years ago
Maynard Enterprises paid $1,328 in dividends and $969 in interest over the past year. The common stock account increased by $1,2
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Answer:

$995

Explanation:

Net income comprises of the dividends declared and the retained earnings. Dividends and retained earning are obtained from a company's net income. In other words, net come is retained earning plus dividends declared.

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i.e., net income =$1,328 +(-333)

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2 years ago
Kate is leasing some equipment from Ajax Leasing for a period of one year. Ajax pays the maintenance, taxes, and insurance costs
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Answer:

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