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The most difficult type of misstatement to detect fraud is based on _?

A. related party purchases.B. related party sales.C. the restatement of sales.D. omission of a sales transaction from being recorded

E.Non of the above.

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/15
zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

agreed with mr.adeel............

Muhammad Adeel
by Muhammad Adeel , Sales And Marketing Executive , TANZEEM HEAVY EQUIPMENT RENTAL LLC

Omission of a sales transaction from being recorded for sure. Because when you haven't recorded then how can you detect fraud.

Hany Sabry
by Hany Sabry , Finance Manager , Coffee Adress

the correct answer is D. omission of a sales transaction from being recorded

Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

It is the Omission of a sales transaction from being recorded (D)

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

D. >.>.>.>.>.>omission of a sales transaction from being recorded

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

d

Ismail Mamoojee
by Ismail Mamoojee , Group Compliance Officer , Liberty

D

Santosh Kumar Jangid Santosh
by Santosh Kumar Jangid Santosh , Area Sales Manager , SP Techno Solution Pvt Ltd

D

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

d

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option ( D ) >>>> { omission of a sales transaction from being recorded }

-- to avoid any kind of misunderstanding--Care should be taken to maintain high transparency  and adherence to the norms of supervision.  Stocks are equivalent to cash and required to be treated as cash for all purposes.

Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

answer is D 

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