Homework Answers
Opportunity in the fraud triangle arises from improper segregation of duties, weak control environment, and improper access to assets.
So Answer is : D. All of the above
Explanation: There are three key elements to fraud triangle opportunity, motivation, and rationalization.
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Opportunity in the fraud triangle arises from: 0 A. improper segregation of duties. O B. improper...
asap pls 17. According to the fraud triangle, what three conditions exist for a traud to A. Control Environment, Objective Setting, Risk Response B. Incentive, Opportunity, Rationalize C. Incenti...
asap pls
17. According to the fraud triangle, what three conditions exist for a traud to A. Control Environment, Objective Setting, Risk Response B. Incentive, Opportunity, Rationalize C. Incentive, Environment, Authorization D. Desire, Disregard, Demeanor 18. A fraud prevention program starts with A. the definition of the scope and ownership of IT process B. a fraud risk assessment across the entire firm C. a network packet D. the fraud triangle that appears to come from a source other than its...
The following are (is a) good control(s) for preventing fraud a. Both a and b b....
The following are (is a) good control(s) for preventing fraud a. Both a and b b. Independent checks c. Physical control/proper authorization d. Segregation of Duties e. Documents and records
CORRUPTION AND THE HUMAN FACTOR B. Segregation of duties C. Bank reconciliations D. Transparent and full...
CORRUPTION AND THE HUMAN FACTOR B. Segregation of duties C. Bank reconciliations D. Transparent and full disclosure 6. Which of the following best describes te Kickhack schemes? A. Kickback schemes have no similarities to billings Kickback schemes usually involve at least one per organization and one person outside the organizati C. Kickhack schemes inherently involve economie exton D. Kickhack schemes are a special case of cconomist 7. Which of the following is not correct regarding bid-rigine A. Bidding processes create...
Question 22 A small business uses segregation of duties for processing checks and cash received at...
Question 22 A small business uses segregation of duties for processing checks and cash received at its office. No financial transaction is handled by one person from start to finish. This is an example of a Answer saved Marked out of 1.00 Flag question Select one: O a directive control. O b. detective control. c.preventive control O d mitigating control.
The 'seduction' of fraud For decades, the anti-fraud profession has relied on the Fraud Triangle[1] to...
The 'seduction' of fraud
For decades, the anti-fraud profession has relied on the Fraud
Triangle[1] to explain white collar crimes such as embezzlement.
With its key attributes of pressure, opportunity and
rationalization, the fraud triangle, attributed to Dr. Donald
Cressey, was first introduced in the 1950s. He used it to explain
the mind-set of persons committing embezzlement and similar
breaches of trust. Since then, many professional organizations,
such as the Association of Certified Fraud Examiners (ACFE), the
American Institute of...
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing...
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding resources Required Below is a list of ten events-processing activities, five relating to the cycle of activities involved in processing a sales event and seven relating to the cycle for a purchase event. Classify each of the twelve activities into one of the four functional categories listed above by placing the letter A, B, C,...
Brief Exercise 8-01 Match each situation with the fraud triangle factor-opportunity, financial pressure, or rationalization-that best...
Brief Exercise 8-01 Match each situation with the fraud triangle factor-opportunity, financial pressure, or rationalization-that best describes it. a. An employee's monthly credit card payments are nearly 75% of his or her monthly earnings. b. An employee earns minimum wage at a firm that has reported record earnings for each of the last five years. C. An employee has an expensive gambling habit. < d. An employee has check-writing and signing responsibilities for a small company, as well as reconciling...
Module 5:D C. Failure to record emnl D. Failure to record me to record employee payroll...
Module 5:D C. Failure to record emnl D. Failure to record me to record employee payroll earned but not paid as of period end e to record warranty costs when the facts suggest that Esclosure is more appropriate accounting treatment financial reporting disclosures, even when reported, which Following still requires careful examination by the antifraud 8. Related to financial re of the following professional? A. Omitted liability disclosures B. Related party transactions C. Accounting changes D. Management fraud 9. Which...
can contain vi XPIRED Most of the features of Word have been disabled. Reactivate exceeding benefits is premised on the concept of absolute assurance. d. 29). A voucher system is a series of p...
can contain vi XPIRED Most of the features of Word have been disabled. Reactivate exceeding benefits is premised on the concept of absolute assurance. d. 29). A voucher system is a series of prescribed control procedures a. to check the credit worthiness of customers. b. designed to assure that disbursements by check are proper. c. which eliminates the need for a sales journal d. specifically designed for small firms who may not have checking accounts. 30). Under a voucher system,...
Identify the most appropriate fraud triangle element in each of the following cases. - The approval...
Identify the most appropriate fraud triangle element in each of the following cases. - The approval of mark-to-market accounting treatment at Enron. A. Opportunity B Incentive - The amount of stock ownership and stock options that top level Enron executives had c Rationalization The purchase manager has not been given a bonus in 3 years in spite of D. Opportunity outstanding performance, thus decided to make fake purchase transactions and transfered the funds to their own bank account because they...
asap pls
17. According to the fraud triangle, what three conditions exist for a traud to A. Control Environment, Objective Setting, Risk Response B. Incentive, Opportunity, Rationalize C. Incentive, Environment, Authorization D. Desire, Disregard, Demeanor 18. A fraud prevention program starts with A. the definition of the scope and ownership of IT process B. a fraud risk assessment across the entire firm C. a network packet D. the fraud triangle that appears to come from a source other than its...
CORRUPTION AND THE HUMAN FACTOR B. Segregation of duties C. Bank reconciliations D. Transparent and full disclosure 6. Which of the following best describes te Kickhack schemes? A. Kickback schemes have no similarities to billings Kickback schemes usually involve at least one per organization and one person outside the organizati C. Kickhack schemes inherently involve economie exton D. Kickhack schemes are a special case of cconomist 7. Which of the following is not correct regarding bid-rigine A. Bidding processes create...
Question 22 A small business uses segregation of duties for processing checks and cash received at its office. No financial transaction is handled by one person from start to finish. This is an example of a Answer saved Marked out of 1.00 Flag question Select one: O a directive control. O b. detective control. c.preventive control O d mitigating control.
The 'seduction' of fraud
For decades, the anti-fraud profession has relied on the Fraud
Triangle[1] to explain white collar crimes such as embezzlement.
With its key attributes of pressure, opportunity and
rationalization, the fraud triangle, attributed to Dr. Donald
Cressey, was first introduced in the 1950s. He used it to explain
the mind-set of persons committing embezzlement and similar
breaches of trust. Since then, many professional organizations,
such as the Association of Certified Fraud Examiners (ACFE), the
American Institute of...
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding resources Required Below is a list of ten events-processing activities, five relating to the cycle of activities involved in processing a sales event and seven relating to the cycle for a purchase event. Classify each of the twelve activities into one of the four functional categories listed above by placing the letter A, B, C,...
Brief Exercise 8-01 Match each situation with the fraud triangle factor-opportunity, financial pressure, or rationalization-that best describes it. a. An employee's monthly credit card payments are nearly 75% of his or her monthly earnings. b. An employee earns minimum wage at a firm that has reported record earnings for each of the last five years. C. An employee has an expensive gambling habit. < d. An employee has check-writing and signing responsibilities for a small company, as well as reconciling...
Module 5:D C. Failure to record emnl D. Failure to record me to record employee payroll earned but not paid as of period end e to record warranty costs when the facts suggest that Esclosure is more appropriate accounting treatment financial reporting disclosures, even when reported, which Following still requires careful examination by the antifraud 8. Related to financial re of the following professional? A. Omitted liability disclosures B. Related party transactions C. Accounting changes D. Management fraud 9. Which...
can contain vi XPIRED Most of the features of Word have been disabled. Reactivate exceeding benefits is premised on the concept of absolute assurance. d. 29). A voucher system is a series of prescribed control procedures a. to check the credit worthiness of customers. b. designed to assure that disbursements by check are proper. c. which eliminates the need for a sales journal d. specifically designed for small firms who may not have checking accounts. 30). Under a voucher system,...
Identify the most appropriate fraud triangle element in each of the following cases. - The approval of mark-to-market accounting treatment at Enron. A. Opportunity B Incentive - The amount of stock ownership and stock options that top level Enron executives had c Rationalization The purchase manager has not been given a bonus in 3 years in spite of D. Opportunity outstanding performance, thus decided to make fake purchase transactions and transfered the funds to their own bank account because they...
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