The National Commission on Fraudulent Financial Reporting (the Treadway Commission) made recommendations to overcome fraudulent financial reporting. Which of the following was not one of the commission’s recommendations?
Ans: The correct option for the answer is option A i.e. More stringent regulation by the FASB
In the fraudulent financial report all other 3 points are recommended by the commissioners
The National Commission on Fraudulent Financial Reporting (the Treadway Commission) made recommendations to overcome fraudulent financial...
Which of the following actions did the Treadway Commission recommend to reduce fraudulent financial reporting? a. Establish financial incentives that promote integrity in the financial reporting process. b. Identify and understand the factors that lead to fraudulent financial reporting. c. Assess the risk of corruption and misappropriation of assets within the company. d. Design and implement internal controls to provide reasonable assurance of preventing fraudulent financial reporting. Which of the following statements is (are) TRUE? a. Perpetrators who do not...