1. The business has no cameras or security devices at its warehouse. 2. Managers are expected to grow business or be fired. 3. A worker sees other employees regularly take inventory for personal use. 4. No one matches the cash in the register to receipts when shifts end. 5. Officers are told to show rising income or risk layoffs. 6. A worker feels that fellow employees are not honest.
1. The business has no cameras or security devices at its warehouse. 2. Managers are expected to grow business or be fired. 3. A worker sees other employees regularly take inventory for personal use. 4. No one matches the cash in the register to receipts when shifts end. 5. Officers are told to show rising income or risk layoffs. 6. A worker feels that fellow employees are not honest.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1TP: A retail store normally has three people working in the evening. All of the employees have access to...
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The fraud triangle asserts that the following three factors must exist for a person to commit fraud. A. Opportunity B. Pressure C. Rationalization. Identify the fraud risk factor (A, B, or C) in each of the following situations.
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