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?

  1. A) These are obtained from published and unpublished reference sources.
  2. B) These are obtained from are obtained from entities that maintain records regarding the subject.
  3. C) These are obtained from individuals or entities that are related or connected to the subject.
  4. D) These are obtained from an individual or an entity.

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