Question:Match each term to its correct description.
Accounting Anomalies
Internal control weaknesses
Analytical anomalies
Lifestyle symptoms...
Question
Match each term to its correct description.
Accounting Anomalies
Internal control weaknesses
Analytical anomalies
Lifestyle symptoms...
Match each term to its correct description.
Accounting Anomalies
Internal control weaknesses
Analytical anomalies
Lifestyle symptoms
Behavioral symptoms
Analytical procedures
Psychopaths
Elements of fraud
A.
The relationships in financial or nonfinancial data that do not
make sense, such as unreasonable change in volume, mix, or
price.
B.
Unusual changes in behavior that are caused by stress that
accompany fraud perpetrators; one of the six categories of red
flags used in detecting fraud.
C.
Inaccuracies or unusual entries or balances in source documents,
journal entries, ledgers, or financial statements. These anomalies
can be a red flag that fraud is occurring.
D.
Procedures used by financial statement auditors to identify
potential misstatements by comparing current financial information
with prior financial information, budgets, other companies,
industry data, or other expected relationships.
E.
Spending patterns that suggest a potential fraud perpetrator may
be using assets obtained through fraud to maintain a lifestyle that
is not sustainable on the perpetrator's income
F.
The theft act, concealment, and conversion that are present in
every fraud.
G.
People who commit a fraud or crime and no not feel stress.
H.
Weakness in the control environment, accounting system, or
control activities or procedures