Question

xamining a company's relationships with other individuals and entities can reveal important information about financial statement fraud. Identify the piece of information that is correctly linked to its source.

Answer 1

The piece of information that correctly links individuals and entities to a company which can reveal information about financial statement fraud is Bank Statements.

Step-by-step explanation:

Bank statements is a kind of account statement that records financial transactions on an account over a period of time and It helps to check for discrepancies.

Bank statements can help account holders track their finances, identify errors, and recognize spending habits.

It shows a company's financial transactions with other individuals and entities can reveal important information about financial statement fraud.

A company's accountant should verify their bank account on a regular basis to ensure their records match the bank’s records to avoid errors, help keep track of expenses and spending, monitor for any fraudulent charges or mistakes and prevent or mitigate corporate fraud within the organization.

Answer 2

Financial statements or bank records

Step-by-step explanation:

Financial statements or bank records are pieces of information that can indicate some usual relationships of a company with related parties. If there are some high jumps in the cash flow statements or some transactions that cannot be traced well or seem unjustified, all such elements can raise doubts about some fraud in the company. Also if the company has taken loans from parties outside bank, getting some information will also indicate the position of the company