試題詳解

14. In your review of ABC Company's financials, you note that Receivables have increased approximately 200% from the previous year, while Cash has declined. Further investigation reveals that 70% of ABC's receivables were booked within 7 days of the end of the quarter. If financial statement fraud is involved, which type is most likely?
(A) Fictitious revenues.
(B) Timing differences.
(C) Improper asset valuations.
(D) Improper disclosures.