What causes people to commit occupational fraud?

Q: What actions to be taken on error/fraud discovery?

A: An auditor is a person who is held responsible for fraud or error detection as he or she is auditing…

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: What type of fraud is this, and what controls can be implemented to prevent or detect the fraud?

A:

Q: What is the knowing misrepresentation of the truth in order to trick someone into entering into a…

A: Option a is correct.

Q: What is management fraud?

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

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: Why must auditors distinguish between fraud committed by employees and management?  Are auditors…

A: It is one of the auditor's responsibility to obtain reasonable assurance that the financial…

Q: How does the study of criminology relate to the detection or deterrence of fraud? How does it differ…

A: Fraud It is an  act of intentionally doing something to attain unlawful  things and deny the rights…

Q: What is the most important factor in the fraud triangle?

A: By adopting sturdy internal controls and processes, any company might cut back the danger of the…

Q: In order to eliminate ethical fraud concerns, what procedures or policies should be implemented

A: Fraudulent Accounting: Accounting fraud is explained as the deliberate manipulation of financial…

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: May an action arising from fraud be waived? explain

A: Fraud- Fraud is defined as the deliberate misrepresentation of an existing material truth by one…

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: Explain the problems associated with questionable executive compensation schemes.

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

Q: Why do fraud examiners handle information in a different manner than auditors? Why is thisimportant?

A: Fraud examiners handle information in a different manner than auditors, in order to minimize the tax…

Q: “fraud   triangle

A: Fraud triangle theory explains the reasons for committing fraud.

Q: Outline the steps which can be taken to investigate occupational fraud.

A: Occupational fraud often refers to fraud committed by employees of an organization. This type of…

Q: hy is fraud prevention so important?

A: Fraud in auditing refers to the illegal manipulation or wrong altered information reported in the…

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

A:

Q: What is economic extortion and what controls can be implemented to prevent or detect this kind of…

A: Economic extortion: It is a fraud that is done by the health inspector. Economic extortion is a kind…

Q: How does the study of criminology relate to the detection or deterrence of fraud?

A: Fraud refers to a situation when there is some false facts or details have been presented or the…

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

A: Fraud refers to an act which is committed intentionally by one person which results in financial…

Q: What is the ethical value of applying the Fraud Triangle to assess the risk of material…

A: Fraud Triangle:   A fraud triangle refers to a framework that is used in auditing to explain the…

Q: Discuss the fraud schemes of bribery, illegal gratuities, and economic extortion.

A:

Q: What are three categories of employee fraud? Which is mostcommon? Which is associated with the…

A: Employee fraud: It refers to the situation where an employee of the organization intentionally…

Q: What is a whistleblower?

A: A whistleblower anybody who has insider info of the criminal behavior taking place in an…

Q: Who is the professional bodies that responsible in fraud audit? Birefly explain.

A: Fraud in audits occurs when an entity is discovered to have improperly manipulated financial…

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: 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: Distinguish between employee fraud and management fraud.

A: Employee fraud behavior occurs if an employee is falsely or fraud dedicated to its boss. The firm…

Q: How do fraud symptoms help in detecting fraud?

A: Fraud symptoms are indicators used by investigators to identify the perpetrator. These fraud…

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

A:

Q: How does “fraud examination”differ from “forensic accounting”?

A: Fraud  - This is an Intentional act committed to gain something illegal by omission or  commission…

Q: What is the major goal of the brainstorming session on fraud?

A: This question tells about the major goal of the brainstorming session on fraud.