Recent Posts  •  Latest Topics  •  Unresolved Questions
  
  
Top Posters
Since Sunday
V
9
C
7
B
7
7
a
7
S
7
l
7
l
7
j
7
B
7
k
7
s
6
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
NinjaRick NinjaRick
wrote...
Go to Answer
Posts: 38
Rep: 0 0
3 weeks ago
Which of the following is an accurate statement regarding assets and fraud risk?

▸ Companies will often capitalize repairs as fixed assets.

▸ Since fixed assets are often large, there is little theft of fixed assets.

▸ Intangible assets are recorded at cost and valuation issues therefore are not a fraud risk.

▸ Since companies have few fixed assets, there is no need for them to be periodically inventoried.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 3 times
1 Reply
Replies
Answer verified by a subject expert
neginakbarinneginakbarin
wrote...
#1
Posts: 39
Rep: 0 0
3 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
Companies will often capitalize repairs as fixed assets.
1

Related Topics

NinjaRick
wrote...
Posts: 38
Credits: 109

3 weeks ago
Brilliant ツ
macbookpro1
wrote...
Posts: 174
Credits: 125

Yesterday
Thank you, thank you, thank you!
Marctheshark
wrote...
Posts: 138
Credits: 175

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  64 People Browsing
 128 Signed Up Today
Start New Topic Take the Tour Study Tips Topics TrendingNew Browse by Textbook
Related Images
 953
 228
 67
Your Opinion
Who's your favorite biologist?
Votes: 244
Previous poll results: How often do you eat-out per week?