Explain the five conditions necessary for an act to be considered fraudulent.

Q: What three forces constitute the triangle of fraud?

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

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

A: Option a is correct.

Q: Does the coverage of the Statute of Frauds make sense as it currently stands? Would it be better to…

A: Introduction:- Fraud is defined as intentional deception with the intent of gaining an unfair or…

Q: t that calls for the commis ways valid. has its own Statute of Frar - of Frauds requires all co.

A: As per rule, allowed to answer three subparts and post the remaining in the next submission.

Q: Which of the following items is not true about fraud?a. It can cause injury or damage to another…

A: Fraud is an intentional mis-representation of facts with the view to have unfair advantage for self…

Q: fraudulent

A: Fraud represents false representation of material fact which is made by one party in consideration…

Q: If the agency relationship is undisclosed, the agent is liable to the third party if they fail to…

A: A fiduciary relationship in which one person, referred to as the principal, authorizes another…

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: 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: 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: Explain what a ‘fraud risk factor means’ and discuss the three conditions generally present when…

A: Auditing is the inspection of the financial records of the company or organisations with no bias and…

Q: TYPES OF FRAUD THAT AN AUDITOR TAKES INTO ACCOUNT WHEN DETERMINING THE RISK OF FRAUD?

A: A fraud audit is distinct from a financial statement audit carried out in compliance with GAAS. In…

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: Identify each of the following statements as either true or false. Separation of duties eliminates…

A: Given statement is: Separation of duties eliminates the possibility of collusion to steal an asset…

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: The first law that criminalize and punish the issuance of bouncing checks is Article 351.  True…

A: Bouncing checks are checks which are returned by the bank because their issuers do not have…

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: Which is not a forensic-type certificate?   A. FASNA.   B. CFE.   C. CRFAC.   D.    MAFF.

A: Forensic type certificates are the courses which allows someone to become forensic accountant. There…

Q: 3.An important development in the area of breach of contract by an auditor is contributory…

A: Contributory Negligence In simple contributory Negligence which describes as negligence in the part…

Q: What are the consequences for a CPA who commits an Act Discreditable?

A: Discreditable: As per the code of conduct, a member will not perform an act discreditable i.e. an…

Q: Name the three fraud-motivating forces.

A: Definition: Fraud: An intentional act of dissembling assets of a company, misusing or altering the…

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: 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: What are three primary points about fraud investigation and timing?

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: Give two examples of employee fraud, and explain how the thefts might occur.

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

Q: What are the five conditions that constitute fraud under common law?

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

Q: If one of the  three elements of the fraud triangles is not present, can fraud be still perpetrated?…

A: All three elements of fraud has to be present for fraud to occur. Even if one of the element is not…

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: Define the term fraud.

A: Fraud in General: When someone uses misleading or false information with full intentions so that he…

Q: possible fraudulent act

A: Fraudulent act is an activity conducted by a person or group of persons to deceive other/s. In case…

Q: Provide 3 examples of telltale hints that are indications of a cover-up of fraudulent activity in…

A: Fraud is an intentional act done to deceive a person. It is an intentional misleading representation…

Q: Name the five types of contracts that require writing under the Statue of Frauds.

A: The question is based on the concept of contract act and law. The concept of contract act in…

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: fraud assessment

A: Following the coronavirus outbreak, the businesses are becoming more and active and they try to…

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: Explain when exculpatory agreements, agreements involving the commitment of a tort, and agreements…

A:

Q: Which of the following best describes preponderance of the evidence? O a. A Constitutional right O…

A: The preponderance of the evidence is the lowest standard of proof. The preponderance of the evidence…