AU-C 240 points to three conditions that enable fraud to occur. Briefly describe each condition. How does one’s propensity to act ethically, as described by Rest’s model of morality, influence each of the three elements of the Fraud Triangle?

Q: Which of the following conditions is not necessary for a fraud to occur? Select one: a. Explanation…

A: Following conditions are necessary for a fraud to occur: 1. Pressure 2. Opportunity 3.…

Q: If one of three elements of fraud triangle is not present can fraud still be pepertrated. Explain

A: Fraud triangle was introduced in 1950s and it has three factors namely, 1. Incentive/pressure to…

Q: Select the correct answer(s) for the following multiple choice questions. Note that there may be…

A: Fraud: It implies anything involving manipulation, wrong presentation, falsifying, or fabrication of…

Q: t that calls for the commis ways valid. has its own Statute of Frar - of Frauds requires all co.

A: As per rule, allowed to answer three subparts and post the remaining in the next submission.

Q: Which of the following items is not true about fraud?a. It can cause injury or damage to another…

A: Fraud is an intentional mis-representation of facts with the view to have unfair advantage for self…

Q: Select the correct answer(s) for the following multiple-choice questions. Note that there may be…

A: Fraud: Fraud is gaining unfair benefits by doing something illegally such as "fake statement",…

Q: Identify three opportune moments that would increase the likelihood of fraud

A: Fraud:   It refers to the intentional misrepresentation of the financial information or corporate…

Q: Define fraud examination and describe various engagements performed by fraud examiners.

A: Although the investigation of fraud shares some attributes with forensic, it is not the same…

Q: 7-Who among the following are primarily responsible for prevention and detection of frauds? a.…

A: Fraud is term which is used when person or the management deliberately alters the data in the…

Q: Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using…

A:

Q: Which of the following is NOT an element of the fraud triangle? a. ethics b. justifiable reliance c.…

A: Fraud: Fraud refers to a malicious act done by people to fulfill their own personal benefits. In…

Q: Discuss who perpetrates fraud and why it occurs, including the pressures, opportunities, and…

A: Fraud- Fraud is an intentionally carried out event that is illegal and unethical, but the…

Q: Explain what a ‘fraud risk factor means’ and discuss the three conditions generally present when…

A: Auditing is the inspection of the financial records of the company or organisations with no bias and…

Q: A weak internal control system is which element in the fraud triangle?a. Motiveb. Attitudec.…

A: Fraud:   Fraud can be defined as an act of dishonesty that can be performed by a worker or an…

Q: Opportunity, Financial Pressure, and Rationalization are the three main factors contribute to fraud…

A: Introduction:- Fraud is defined as intentional deception with the intent of gaining an unfair or…

Q: 2. Fraud experts often say that there are three primary factors that contribute to employee fraud.…

A: State the three primary factors that contribute to employee fraud as stated below:   - Opportunity -…

Q: Describe the three fundamental conditions necessary for the commission of fraud. Provide an…

A: The commision of fraud is a type of the fraud in which the employee of the company creates some fake…

Q: The fraud triangle identifies incentives, opportunities, and rationalizations as the three elements…

A: FRAUD TRIANGLE: The fraud triangle is developed from Donald Cressey's hypothesis. The fraud…

Q: 32. Which of the following statements best describes the competency requirement for an auditor…

A: Auditor is the person who is responsible for examining and verifying books of account and financial…

Q: Securities fraud’s lack of mooring in a fully developed concept of fraud produces at least three…

A: Securities Fraud is a fraud which is considered as serious while collar crime where investors are…

Q: Name the three fraud-motivating forces.

A: Definition: Fraud: An intentional act of dissembling assets of a company, misusing or altering the…

Q: dentify and explain the three conditions(i.e., the fraud triangle) that often exist whena fraud…

A: Fraud:   It refers to the intentional misrepresentation of the financial information or corporate…

Q: QUESTION 22 Match the term on the left with the appropriate definition or description on the left.…

A: An audit is when an auditor examines or inspects numerous accounting records, accompanied by a…

Q: whar are the three factors that must exist for a person to commit fraud include

A: Fraud:   Fraud can be defined as an act of dishonesty that can be performed by a worker or an…

Q: Organizations are encouraged to take every precaution possible to protect their information systems…

A: The cheque fraud belongs to the criminal acts category which includes making the unlawful use of the…

Q: What are three primary points about fraud investigation and timing?

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: 1. What are the three factors that contribute to fraud?

A: An act of making illegal profits by concealing the material information or untrue representation of…

Q: If one of the  three elements of the fraud triangles is not present, can fraud be still perpetrated?…

A: All three elements of fraud has to be present for fraud to occur. Even if one of the element is not…

Q: Internal control is designed to provide: : A Certainty. B Freedom from fraud. C Reasonable…

A: Internal control is very useful and important for every business. It means those procedures which…

Q: What are some effective methods that could have helped in dealing with an interview subject from…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS     Effective methods that could have helped in…

Q: Fraud experts often say that there are three primary factors that contribute to employee fraud.…

A:

Q: Fraud experts often say that there are three principal factors that contribute to fraud. Identify…

A: Fraud refers to a deliberate act of deceiving someone to obtain personal unjust gain. Fraud experts…

Q: Fraud risk factors are events or conditions that indicate which of the following?     An…

A: MANAGEMENT IS RESPONSIBLE FOR LOOKING AND RESPONDING TO FRAUD RISK FACTORS .

Q: What is an example of rationalization as one of the three elements causing a person to commit fraud?

A: Their are 3 fraud risk factors or characteristics  of fraud  They are 1.Incentive/pressure to commit…

Q: 32-Which among the following is untrue in respect of segregation of duties? a. Deliberate fraud is…

A: Segregation of duties- It states that entity should divide the work, duties or responsibilities of…

Q: 14-Which of the following statements is not true? a. Internal control system reduces the errors and…

A: Internal controls square measure outlined broadly speaking because the measures a corporation takes…

Q: b. Management is secondarily responsible for prevention and detection of fraud

A: The following factors are responsible for fraud to occur in an organization: Pressure- Pressure can…

Q: 2. Considering the six drivers of occupational fraud, the be completely absent in a particular fraud…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.