Fraud risk factors are events or conditions that indicateI. An incentive or pressure to perpetrate fraud.II. An opportunity to carry out the fraud.III. An attitude or rationalization that justifies the fraudulent action.Which of the following statements is true?a. I is a fraud risk factor.b. I and II are fraud risk factors.c. II and III are fraud risk factors.d. None of these is a fraud risk factor.e. I, II, and III are fraud risk factors.

Q: Distinguish between fraudulent financial reporting and misappropriation of assets. Discuss the…

A: Fraudulent financial reporting generally occurs when there is some international misrepresentation…

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

A: Given information is: The fraud triangle asserts that the following three factors must exist for a…

Q: Identify three different categories of fraud risk factors. Next, for each category, what are some…

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

Q: What is the primary difference between fraud and error infinancial statement reporting?a. The…

A: Financial statements are those statements which are prepared at the end of the period for the review…

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: 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: Identify fraud risk factors or red flags.

A: The various fraud risk factors or red flags are: Inventory shrinkage: While it's natural to lose a…

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

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: In fraud examiners’ terminology, what is predication?

A: Introduction: Fraud: The action of deceiving a performance for the purpose of generating illegal and…

Q: Which of the following is a way to prove that a fraud was intentional? A. Show that the suspect…

A: Solution: Fraud is wrongful act intended for personal or financial gain.

Q: Each of the following scenarios is based on facts in actual fraud. Categorize each scenario as…

A: Fraud refers to when an individual or an entity deceiving others for personal gain. The fraud…

Q: Which one of the following is not an advantage of internal controls? Select one: a. It safeguards…

A: Internal control is an auditing and accounting tool that ensures operational efficiency and…

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: 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: 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: collusion between employees and management in the commission of a fraud is difficult to both prevent…

A: Collusion means agreement between two or more people for some wrongful deed particularly for a…

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: There are several steps involved in the fraud theory approach. What are they?

A: Fraud theory approach is an effective tool that can help in the deeper understanding of the…

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: Distinguish between a shell company fraud and pass through fraud.

A: Fraud: Fraud is a malicious act committed by people to fulfill their personal benefits. In case of…

Q: Opportunities for fraudulent reporting are present in circumstances when the fraud is easy to commit…

A: An opportunity to commit fraud means there are chances to the person to make a fraud which will be…

Q: Explain why collusion between employees and management in the commission of a fraud is difficult to…

A:

Q: When assessing the danger of substantial falsification of the financial accounts, what is the…

A: An ethical value is the value what is perceived by a person about what is correct and what is wrong…

Q: Research has shown that situational pressures and opportunity are factors that contribute to…

A: a. Fraud: Fraud refers to an intentional act of dissembling the assets of a company. It can be…

Q: has in internal control procedures in which fraud or errors could occur? What can the company do to…

A: Every company should want to stop fraud from happening against their organization, and most…

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: 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: 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: Opportunity, is a fraud risk factor

A: Opportunity is the chance for committing fraud. It is an element of fraud triangle.

Q: The fraud scheme that is similar to the ‘‘borrowing from Peter to pay Paul’’ scheme is a. expense…

A:

Q: What does a fraud perpetrator look like? How does one act?

A: Fraud: It is defined as an intentional or willful misstatement of facts which are necessary for the…

Q: Briefly explain what is meant by the risk of ‘Fraud in Revenue Recognition’ Is there always a…

A: Meaning of Risk of fraud in revenue recognition- Basically, when the revenue is recorded in books of…

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: a m

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

Q: fraud cases

A: A fraud refers to the wilful act of deceiving the other party.

Q: How is net worth analysis used to prove fraud?

A: Net worth: It is the difference between total value of asset and liabilities. If net assets exceed…

Q: Give examples of risk factors for fraudulent financial reporting foreach of the three fraud…

A: Fraudulent Financial Reporting:-These are the intentionally misstated report prepared for the…

Q: What are the defining characteristics of (a) white-collar crime, (b) employee fraud, (c)…

A:

Q: If a company reported fi ctitious revenue, it could try to cover up its fraud by: B . increasing…

A: Companies across the world report fictitious revenue for various  reasons.  The government  tried to…

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.