Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To identify : Three primary factors of fraud and explain the meaning of each of them

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Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

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Fraud experts often say that there are three primary factors that contribute to employee fraud. Identify the three factors.

Cressey’s “fraud triangle” states that three factors—non-shareable financial need, perceived opportunity, and rationalization—are present in cases of occupational fraud. Which of these three factors, if any, is the most important in causing executives, managers, and employees to commit occupational fraud?

The fraud triangle asserts that the following three factors must exist for a person to commit fraud.A. Opportunity B. Pressure C. RationalizationIdentify the fraud risk factor (A, B, or C) in each of the following situations. A worker feels that fellow employees are not honest.

Answer 2

Question

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

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Answer 3

Question

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

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Answer 4

Question

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

Expert Solution & Answer

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Answer 5

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

Answer 6

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

Answer 7

Chapter 7, Problem 2Q

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 7 - A local hank reported that it lost 150,000 as the...Ch. 7 - Prob. 2Q Ch. 7 - Prob. 3Q Ch. 7 - Prob. 4Q Ch. 7 - Prob. 5Q Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - Prob. 8Q Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To identify : Three primary factors of fraud and explain the meaning of each of them

Solution Summary: The author explains the three main elements of fraud triangle, which collectively contribute to employee fraud: Opportunity, Financial pressure, and Rationalization.

Concept explainers

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them

Want to see the full answer?

Chapter 7 Solutions

Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To identify : Three primary factors of fraud and explain the meaning of each of them

Solution Summary: The author explains the three main elements of fraud triangle, which collectively contribute to employee fraud: Opportunity, Financial pressure, and Rationalization.

Concept explainers

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To identify: Three primary factors of fraud and explain the meaning of each of them

Want to see the full answer?

Chapter 7 Solutions

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To identify: Three primary factors of fraud and explain the meaning of each of them