Differentiate or distinguish when giving or accepting gifts/hospitality to someone else in a good heart and a fraud?   Provide an opinion on how to manage these conflicts.

Q: How do you understand the Fraud Triangle? Please provide explanation

A: Fraud: Fraud is an act of deception committed by an individual intentionally against the company for…

Q: Giving a gift to someone else is a show of kindness or generosity to express your appreciation.…

A: Gift is referred to as a contribution which is made to another person or business in order to…

Q: The fraud triangle asserts that the following three factors must exist for a person to commit…

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: Indicate which statements are true and which are false. Separating the responsibility for a…

A: Separating the responsibility for a transaction between two or more individuals or departmentswill…

Q: When an employee is in a position to penetrate and hide fraud, incompatible roles exist. False or…

A: Accounting fraud: Accounting fraud refers to the deliberate manipulation and illegal alteration of…

Q: a. Identify the type of fraud that took place. (e.g. misappropriation of assets o fraudulent…

A: a. The type of fraud that took place, in this case, is Misappropriation of assets. In this Case,…

Q: During the interview of a suspect in an embezzlement case, several common themes are developed that…

A: Auditors are trained to extract numbers from individuals, but forensic auditors are trained to do…

Q: Which of the following combinations is a good way to conceal employee fraud but an ineffective means…

A: The management fraud alludes to an intentional misleading by the executives to collect monetary…

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: of the three elements of the fraud triangle is not present, can fraud still b

A: The three elements of the fraud triangle are as follows: Pressure: Pressure acts as a base and…

Q: When comparing the auditor's responsibility for detecting employee fraud and for detecting errors,…

A: Employee errors means mistakes happened in preparation of financial statements by the employee and…

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

A:

Q: Which of the following scenarios reduces the risk of an employee fraud? Group of answer choices An…

A: Accountant was in charge and knowledge of vendor balances. Hence, chances for fraud in the form of…

Q: The best protection for a company against telemarketing scams is:

A: When money is being transferred to people who are not known or personal or financial information is…

Q: How is Benford's Law used to investigate cases of fraud

A: According to Benford's Law, the odds are not random. In reality, the first digit has a 12.5 percent…

Q: Which of the following would a fraudster perceive as a pressure?A. lack of management oversightB.…

A: Internal control techniques are those procedures or techniques which will ensure that objectives of…

Q: Provide incidents that E-commerce fail to secure personal information of their customers and…

A: Answer : When it involves on-line shopping, e-commerce sites store client information that features…

Q: How does occupational fraud and abuse differ from other kinds of fraud? Give examples of other fraud…

A: Fraud is the intentional deception of others in order to obtain an advantage or profit. To put it…

Q: Fraud is an ________ act by any person to conceal the truth, deceive and obtain illegal advantage.…

A: Following is the answer to the given question

Q: What is the connection between criminology and the discovery or prevention of fraud? It's not the…

A: Fraud It is the deliberate act of doing anything to get illegal items and deny the victim's rights.

Q: Why would a financial institution’s PEP customers be required to provide documentation to evidence…

A: Given, Political Exposed Persons (PEPs) are characterized as high-risk clients who have better…

Q: What was evolutionary about laws such as GLBA and FACTA?

A: It is taken regular care by the consumer protection authorities to protect the interest of…

Q: Cite any example of an accounting fraud.What actions were taken by the authorities after that?

A: Accounting fraud: It is basically manipulating the financial statements intentionally in order to…

Q: ecognize the difference between dishonest financial reporting and the misuse of property. Compare…

A: Answer: Fraudulent and forgery activities are done to manipulate numbers in financial statements

Q: Which of the following statements is not true? a. The auditor’s main duty is the detection and…

A: The auditor has to ensure whether the financial statements represent true and fair view and as well…

Q: The fraud triangle asserts that the following three factors must exist for a person to commit…

A: Fraud triangle: It is the model which is created to explain about those three factors because of…

Q: The fraud triangle asserts that the following three factors must exist for a person to commit…

A: Given situation is: A worker sees other employees regularly take inventory for personal use.

Q: Do you think that the provision of nonaudit services for a client with a failed audit is evidence of…

A: Negligence in auditing means the auditor doesn't follow any standard related to auditing and…

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: Your para-planner sends out unauthorized information to your client. Your client acts on the…

A: Paraplanners are junior members of a financial planning team. They are responsible for collating…

Q: As a fraud investigator, why you should be concerned about fraud trials as a result of resolving a…

A: Answer:-  Fraud investigator :- Fraud investigator is that person who investigates the alleged fraud…

Q: This corporate con stated that she stole from the company because she believed it was "okay" to take…

A: The fraud triangle represents the three basic reasons which influence the person to commit the…

Q: 1. How may an employee embezzle funds by issuing an unauthorized sales credit memo if the…

A: Embezzlement refers to a form of crime in which an individual or entity misappropriates the assets…

Q: hy do fraud examiners prefer documents over witnesses

A: Solution Concept \Fraud examiners                 Fraud examiners are the professional who examines…

Q: a m

A: In order for tips to be independently investigated, it is desirable they go directly to an…

Q: After accepting an engagement, a CPA discovers that the client’sindustry is more technical than he…

A: Given: The options of the CPA on accepting the engagement.

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: The auditor must mail cash confirmations, but the client may mail long-term debt confirmations. True…

A: Confirmation Letter: It is a letter sent by an external  auditor to the suppliers/financial…

Q: A good fraud prevention program should address employees’ motivation to steal from the company. The…

A: Fraud:- It is an offensive crime that intentionally employees do and manipulate the company…

Q: Explain the relation between ethics and financial statement fraud by giving examples.

A: Explanation: When it comes to the preparation, presentation, and disclosure of financial results,…

Q: Identify one specific type of accounting fraud. What damage does the perpetration cause? What could…

A: An accounting fraud refers to frauds originating from within the business (internal frauds). The…

Q: Analyze what to do if an attorney refuses to share information that falls within the attorney's…

A: This question explains about the attorney's purview and directly impacts the financial reporting.