Please answer the following question and research first party data and where it is obtained and how it leads to fraud. First-party data are obtained from an individual or an entity. Examples include the subject company in a business valuation, the plaintiff in an economic damages claim, and the victim of a suspected fraud. Scholarly research is required; not just the textbook.
Which of the following is true of first-party data?
- A) These are obtained from published and unpublished reference sources.
- B) These are obtained from are obtained from entities that maintain records regarding the subject.
- C) These are obtained from individuals or entities that are related or connected to the subject.
- D) These are obtained from an individual or an entity.