WGU C254 Fraud & Forensic Accounting
Western Governors University
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WGU C254 Exam Review questions with verified answers
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--21March 20252024/2025A+Available in bundle
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WGU C254 Fraud Examination questions with verified answers
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--14March 20252024/2025A+Available in bundle
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WGU c254 pre assessment questions with verified answer1.
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--10March 20252024/2025A+Available in bundle
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WGU C254 questions with verified answers
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--22March 20252024/2025A+Available in bundle
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WGU C254 Fraud and Forensic Accounting Pre-assessment Questions with verified answers
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--16March 20252024/2025A+Available in bundle
- According to SAS 99, why is brainstorming important to auditors? 
A. to close the expectation gap of financial statements reporting 
B. to avoid overreacting to the red flags that occur in the audit 
C. to comprehend the registration process of public accounting firms 
D. to document findings among auditors to increase the likelihood of detecting fraud Ans B 
 
As part of being a good ethical corporate citizen, what does Federal Executive Order 11246 require of organizations working under a gov...
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WGU Fraud and Forensic Accounting - C254 questions with verified answers
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--13March 20252024/2025A+Available in bundle
- A good way to identify potential frauds BEFORE even interacting with a firm and its employees? Ans Focusing on changes in accounts over time and comparing the changes to industry norms 
 
According to SARBOX, who can (and must) approve any non-audit services provided by the auditor? Ans The audit committee 
 
According to the COSO report on fraud, firms that engaged in fraudulent behavior: Ans OFTEN changed auditors between the last clean financial statements and the last fraudulent financial st...
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WGU C254 Fraud & Forensic Accounting |101 questions with verified answers
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--16March 20252024/2025A+Available in bundle
- _________________ means "reason to believe that fraud may be occurring." When __________________ exists and conditions warrant, an investigation should take place. Ans Predication 
 
A good ending question to an interview would be an open-ended, nonthreatening, and general question about potential issues of which they might be aware. Ans True 
 
A variable interest entity (VIE) can be which of the following? Ans Equity investments 
Leases 
Forward contracts 
 
According to Pincus, Asene, a...
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Exam (elaborations)
WGU C254 Pre Assessment questions with verified answers
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--20March 20252024/2025A+Available in bundle
- WGU C254 Pre Assessment questions with verified answers
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C254 WGU Practice Review |260 questions with verified answers
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--88March 20252024/2025A+Available in bundle
- ______________ in the acid test ratio (QA ÷ CL) and Current Ratio (CA ÷ CL) with ____________ in the ratios Accounts Payable/Cost of Goods Sold (AP ÷ COGS) and Accounts Payable/Inventory are most indicative of fraud. 
 
Decreases; Decreases 
Increases; Increases 
Increases; decreases 
Decreases; Increases Ans Increases; decreases 
 
_________________ means "reason to believe that fraud may be occurring. When __________________ exists and conditions warrant, an investigation should take pla...
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