Which of the following is NOT a client protection principle?   a. Methods that prevent client of over-indebtedness   b. Privacy of client data   c. Adequate safeguards to prevent aggressive or abusive treatment of clients   d. The number of loans assigned to a loan officer

Q: Bankers who are processing loan applications from companies seeking large loans will probably ask…

A: Financial statements:   Financial statements are prepared to summaries the account at the end of…

Q: ecutives would commit fraud and how understanding the motive for fraud can assist an auditor in the…

A: Corporate fraud refers to the illegal and unethical activities undertaken by an individual who is…

Q: Typically, bankers require potential borrowers to provide audited financial documents with their…

A: Financial statement auditing is described as reviewing an entity's financial statements and other…

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: 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: 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: 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: ndicate which of the following claims is true and which is untrue. Distinguishing responsibility for…

A: An invoice is an instrument that is used to record a transaction between the buyer and the seller.

Q: prospective banks as a prerequisite to extending a loan to the client. The auditor know

A: 1.The present fact is touching on the responsibilities that auditor should take care while giving…

Q: A bank owes an implied duty to its customers not to divulge information about its customers to third…

A: The duty of confidentiality is used to oblige the solicitor with regard to the confidentiality of a…

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: 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: 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: 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 can bankers be spotting potential fraud among the loan granted

A: Bank loan means the loan given by the bank to the borrower. This loan can be provided for short term…

Q: 6) Which of the following is not a benefit of loan monitoring? Encourages dynamic, rather than…

A: Loan Monitoring is the tacking of an individual’s credit history, for any changes or suspicious…

Q: What does it mean to say that internal control has limitations and what are these limitations?

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

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: Internally generated evidence held by the client includes: a) bank statements. b) correspondence…

A: The auditor requires to validate the information of the financial statements.

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: 2- Which one of the following statements is false for accounts receivables management? Written…

A: Accounts receivable management involves devising the policies and measures to ensure that customers…

Q: What internal control or procedure(s) would provide protection against the following threats?

A: For the given cases,  Internal control measure and prevention measures should be determine.

Q: What is the relationship between CSR and accounting fraud?

A: CSR or Corporate Social Responsibility refers to the management principles which tries to integrate…

Q: Could efforts to avoid conflicts of interest lead an investment bank to provide poor service to a…

A: An investment is a financial institution that provides services to the company. Mainly, the clients…

Q: What bank regulations are designed to reduce moral hazard problems created by deposit insurance?…

A: Bank regulation is defined as the government regulation form that is subjected to requirements,…

Q: Loan covenants are used for which of the following reasons?a. To protect the lender from the…

A:

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: Identify which one of the following statement is not correct? a. The credit limit under the facility…

A: A cash credit is a line of credit lent against the asset and liabilities, credit worthiness etc. The…

Q: Sending accounts receivable confirmation letters to the client's customers is consistent with the…

A: Accounts Receivable are those accounts of customers to whom business has made credit sales on…

Q: Choose the one correct answer. Sending accounts receivable confirmation letters to the client's…

A: Audit is the detailed process of examining and verifying books of accounts and financial information…

Q: Which of the following is NOT a possible legal risk that can arise because of a fraud investigation…

A: Malicious prosecution occurs when a person is arrested without proper grounds. For example: Person A…

Q: A business wishes to establish sound internal controls. What rules and processes can you recommend…

A: This question explains about sound internal controls.

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 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: 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: Provide an appropriate response based on the following scenarios. Assume that the accounting…

A:

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: 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: Differentiate or distinguish when giving or accepting gifts/hospitality to someone else in a good…

A: Fraud is described an action which is performed to take any undue advantage from the action. It is a…

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.