Question

For accounting errors, which of the below sentences is true?

a.They represent intentional sabotage of controls.
b.They are problems caused by failures in systems, procedures, and policies.
c.They represent fraud and normally result in legal action being taken.
d.They are primarily caused by lack of training.

Answer 1

The correct option is C

Step-by-step explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.