Question

According to the 2012 Report to the Nations on Occupational Fraud and Abuse, losses due to financial statement frauds are higher than other occupational fraud schemes?

1) True
2) False

Answer 1

According to the 2012 Report to the Nations on Occupational Fraud and Abuse, losses due to financial statement frauds are higher than other occupational fraud schemes.

Step-by-step explanation:

The correct answer is True. According to the 2012 Report to the Nations on Occupational Fraud and Abuse, losses due to financial statement frauds are indeed higher than other occupational fraud schemes. Financial statement fraud involves intentionally misrepresenting financial information in a company's financial statements to deceive investors or other stakeholders. This type of fraud can result in significant financial losses for organizations.