Which of the following is NOT an element of the fraud triangle? a. ethics b. justifiable reliance c. situational pressure d. opportunity

Q: Fraud investigators refer to what elements as being part of the fraud triangle? Multiple Choice…

A: The fraud triangle is a diagram that shows the origins of a scam. Fraud is defined as the deliberate…

Q: Fraud risk factors are events or conditions that indicateI. An incentive or pressure to perpetrate…

A: Fraud: It can be defined as the deception on criminal grounds, committed by the person…

Q: What are some red flags that may indicate a cover-up or concealment of a fraud?

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Q: If one of three elements of fraud triangle is not present can fraud still be pepertrated. Explain

A: Fraud triangle was introduced in 1950s and it has three factors namely, 1. Incentive/pressure to…

Q: Because all fraud involves some form of financial misstatement, how is fraudulent statement fraud…

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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: 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: What is the usefulness of using the Fraud Triangle to evaluate the risk of major misstatements in…

A: This question explains about the usefulness of using the Fraud Triangle to evaluate the risk of…

Q: How do fraud examiners approach data differently than auditors? Why is this significant

A: This question explains about fraud examiners approach data differently than auditors, Why is this…

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

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Q: Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using…

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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: 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: Explain the elements of a good document of fraud..

A: Since documentary evidence makes up a large quantity of evidence in fraud cases, auditors must…

Q: f auditors and investigators modified their typical procedures and regularly used a few unexpected…

A: An Auditor is an individual or a firm named by an organization to execute a review. An individual…

Q: How this audit fraud work exists? What is the reason behind this audit fraud?

A: An accounting error refers to unintentional act of omissions or misstatements in the financial…

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: Which of the following statements is correct with regards to the auditor's responsibility concerning…

A: The answer is option (c)  [ The auditor is responsible for obtaining reasonable assurance that the…

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: 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: Responsibility for prevention and detection of fraud?

A: Fraud: It is a sharp and clever practice of the person to deceive some intentionally to secure…

Q: Give instances of risk factors for false financial reporting for \seach of the three fraud…

A: Financial Reporting Fraudulently: These are reports that have been purposefully misrepresented to…

Q: WHAT ARE THE TWO TYPES OF FRAUD THAT AN AUDITOR TAKES INTO CONSIDERATION WHEN DETERMINING THE…

A: The auditor is responsible to check whether the financial statement gives a true and fair view of…

Q: The fraud triangle identifies incentives, opportunities, and rationalizations as the three elements…

A: FRAUD TRIANGLE: The fraud triangle is developed from Donald Cressey's hypothesis. The fraud…

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: Why do fraud examiners treat data differently than auditors? Why is this so

A: To minimize a client's tax liability, fraud examiners handle information differently than auditors.…

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: In the framework of audit and assurance, we are investigating the consequences of expectation gaps…

A: Auditing is the examination of a company's financial records to establish if the documents are…

Q: Describe what is difference between errors and fraud.

A: Difference between fraud and error: Fraud refers to an intended attempt to misrepresent financial…

Q: A reason to believe that a fraud has occurred is calleda. Deliberation.b. Forensics.c.…

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Q: Internal control is designed to provide: : A Certainty. B Freedom from fraud. C Reasonable…

A: Internal control is very useful and important for every business. It means those procedures which…

Q: What fraud detection responsibilities (if any) does SOX impose on auditors?

A: Definition: Sarbanes Oxley Act: In order to protect the rights of an investor from fraudulent…

Q: fraud cases

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

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: Why might fraud examiners’ attitudes about control systems and materiality differ from that ofother…

A: Materiality is the planning and performing the audit procedures in which certain misstatements,…

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 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: What is Enron fraud and why is it important

A: Enron fraud is one of the biggest accounting fraud happened in the United States.

Q: WHAT ARE THE TWO TYPES OF FRAUD THAT AUDITOR CONSIDERS IN ASSESSING THE PROBABILITY OF FRAUD?

A: Fraud is an intentional act done by management, those charged with governance, and internal…

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.

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…