How avoid Enron scandal? Explain.

Q: Explain what is meant by the fraud triangle

A: A Fraud Triangle is a framework commonly used in auditing to explain the motivation behind an…

Q: ow to prevent and detect fraud, and make it less likely to occur in organization

A: Fraud is a serious issue that might bring down an organization, no matter its size. according to…

Q: How do you understand the Fraud Triangle? Please provide explanation

A: Fraud: Fraud is an act of deception committed by an individual intentionally against the company for…

Q: How do you think Raju could have used Maytas assets to cover up the fraud?

A: We have to determine that how Raju could have used Maytas assets to cover up the fraud.

Q: What type of fraud is this, and what controls can be implemented to prevent or detect the fraud?

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Q: ff

A: Organization Background:  Steinhoff International Holdings N.V is a worldwide retail holding…

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

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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: Which of the following is not an element of the fraudtriangle?a. Opportunityb. Control environmentc.…

A: Given: To determine the following is not an element of the fraud triangle given as,a. Opportunityb.…

Q: How would a policy of mandatory vacations have helped discover the Beta fraud?

A: Given: The help of mandatory vacations policy helps in the discovery of beta fraud.

Q: What are two internal stakeholders and external stakeholders that get affected by embezzlement?

A: Embezzlement: It refers to the misappropriation of assets belonging to the organization by the…

Q: What are the elements of the fraud triangle? How can an internal control system limit reduce the…

A: Fraud means intentional concealment or misrepresentation of material facts for gaining personal…

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

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Q: What is the best way to reduce financial statement fraud?

A: There are five basic types of financial statement fraud exist in the entity which are as…

Q: Which of the following is NOT an element of the fraud triangle? a. ethics b. justifiable reliance c.…

A: Fraud: Fraud refers to a malicious act done by people to fulfill their own personal benefits. In…

Q: Wiredcard AG Scandal

A: Wiredcardscandal refers to the scandal of accounting results in the wiredcard insolvency of a…

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: 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: How can SPEs be used to manipulate financial statements? Give one real case example on the misuse of…

A: Special purpose entities are the subsidiaries created for a specific purpose. These are used to…

Q: hy is fraud prevention so important?

A: Fraud in auditing refers to the illegal manipulation or wrong altered information reported in the…

Q: What is the relationship between CSR and accounting fraud?

A: CSR or Corporate Social Responsibility refers to the management principles which tries to integrate…

Q: How CSR related to accounting fraud?

A: CSR or Corporate Social Responsibility refers to the practices and policies implemented by corporate…

Q: What creates rogue traders?

A: A rogue trader is a trader who acts recklessly and without regard for others, usually to the…

Q: What is economic extortion and what controls can be implemented to prevent or detect this kind of…

A: Economic extortion: It is a fraud that is done by the health inspector. Economic extortion is a kind…

Q: How does the study of criminology relate to the detection or deterrence of fraud?

A: Fraud refers to a situation when there is some false facts or details have been presented or the…

Q: What is the ethical value of applying the Fraud Triangle to assess the risk of material…

A: Fraud Triangle:   A fraud triangle refers to a framework that is used in auditing to explain the…

Q: What are the risk management happened in the Scandal of Fraud about Wiredcard AG

A: Here discuss about the details of the Scandal Which are incurred in the Wiredcard AG and its effect…

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: Who were the main stakeholders involved in the Libor scandal?

A: The LIBOR Scandal is a famous financial scandal which refers to a major financial collusion in which…

Q: Describe a checks an balance scenario that allows for whistleblowing and prevents retaliation to the…

A: Solution- Retaliation is defined as a direct or indirect adverse administrative decisions or action…

Q: Give an example of fraud and error?

A: Fraud is an intentional manipulation of a fact with the intention of misleading an individual or a…

Q: do COSO Internal Controls prevention fraud?

A: Internal controls are the policies and procedures put in place to protect your company's assets,…

Q: How is net worth analysis used to prove fraud?

A: Net worth: It is the difference between total value of asset and liabilities. If net assets exceed…

Q: What does fraud includes?

A: Fraud:   It is the practice of intentional misrepresentation of facts to make financial or personal…

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.