Per the Fraud Examiners Manual, which of the following is NOT a red flag associated with concealed liabilities and expenses?
A) significant bank accounts or subsidiary or branch operations in tax-haven jurisdictions for which there appears to be no clear business justification.
B) overly complex organizational structure involving unusual legal entities or managerial lines of authority.
C) known history of violations of securities laws or other laws and regulations.
D) effective board of directors or audit committee oversight over financial reporting and internal control.