Fraud risk factors are events or conditions that indicate which of the following?     An opportunity to carry out fraud     An attitude or rationalization that justifies a fraudulent action.     An incentive or pressure to perpetrate fraud.     All of the answers provided.

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: 4 Discuss the meaning of an attitude of professional scepticism. 5 Distinguish between errors and…

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

Q: Analyse the measures that are taken in the detection of a fraud.

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

Q: Question No. 1. What are fraud audits and why have they become more common?

A: Fraud is intentional work deception to unfair or undue advantage. Fraud is committed for give…

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: 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: Forensic Accounting: Assurance Engagement 1: Expenditure Analysis. Expenditureanalysis is used when…

A: Revenues from other areas include the leftover profits accounted in other (unknown) revenue heads

Q: 21)   Which is not one of the fraud factors in the Fraud Pentagon?     A. Incentive   B.…

A: Offshoring,worldwide alliances, and the technology that connects them have all become more important…

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: 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: The impact of weak internal controls can affect an employee’s fraud behavior. The role of…

A: An internal control system is the sum of a large number of activities comprising of policies,…

Q: Define the following and give 1 actual case as an example for each type of fraid and methods of…

A: Fraud is a type of malpractice which is done intentionally to harm the third party involved. Step 2…

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: secondarily responsible for prevention and detection of frauds

A: Option a is wrong because management is primarily responsible for prevention and detection of fraud.…

Q: ISA 240 the Auditor’s responsibilities relating to Fraud in an audit of financial statements,…

A: Part (i): The purpose is what distinguishes fraud from error. In s imple terms, fraud is a…

Q: A profile fraud of perpetrators prepared by the Association of Certified Fraud Examiners revealed…

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

Q: A transaction level internal control activity is best described as:     An action taken by…

A: A transaction-level internal control activity can be labeled as action taken by customer personnel…

Q: Explain why people commit fraud. 2. What are the various types of fraud?

A: Fraud is any intentional act done to obtain illegal or unjust advantage by employees, management,…

Q: What are the three key points about a fraud perpetrator

A: Fraud perpetrator represents the factors that increases the risk of committing fraud in the…

Q: 26-is an act of willfully making misrepresentation of financial information by one or more…

A: The question is multiple choice question. Required  ..............Is an act of willfully making…

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: ISA 240 the Auditor’s responsibilities relating to Fraud in an audit of financial statements,…

A: As auditor there are two types of auditing one can be engaged in the practice, internal and external…

Q: AU-C 240 points to three conditions that enable fraud to occur. Briefly describe each condition. How…

A:

Q: 1. Identify specific fraud risk factors present during PwC’s audits of the Lipper hedge funds.…

A:

Q: A4) Finance The fraud-on-the-market theory is used in some cases under Rule 10b-5 as an indirect way…

A: The fraud-on-the-market theory- An investor who have been defrauded can bring a securities claim…

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: QUESTION 4 An employee, having authorized access to a work computer, commits fraud while using the…

A: 1) True

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: plain the three special characteristics of management fraud: a. The fraud is perpetrated at levels…

A: Answer: a. The fraud is perpetrated at levels of management above the one to which internal control…

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: 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…