Explain the difference between computer fraud and general fraud. Explain both categories of fraud in relation to accounting information system.

Q: What actions to be taken on error/fraud discovery?

A: An auditor is a person who is held responsible for fraud or error detection as he or she is auditing…

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: 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: ff

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

Q: The Sarbanes-Oxley Act was enacted to combat fraud and curb poor reporting practices. What are some…

A: Sarbanes-Oxley Act: This is the act passed by the government for safeguarding investors from…

Q: a. Identify the type of fraud that took place. (e.g. misappropriation of assets o fraudulent…

A: a. The type of fraud that took place, in this case, is Misappropriation of assets. In this Case,…

Q: Define fraud examination and describe various engagements performed by fraud examiners.

A: Although the investigation of fraud shares some attributes with forensic, it is not the same…

Q: Identify fraud risk factors or red flags.

A: The various fraud risk factors or red flags are: Inventory shrinkage: While it's natural to lose a…

Q: What is computer fraud, and what types of activities does it include?

A:

Q: In fraud examiners’ terminology, what is predication?

A: Introduction: Fraud: The action of deceiving a performance for the purpose of generating illegal and…

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: 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: How does occupational fraud and abuse differ from other kinds of fraud? Give examples of other fraud…

A: Fraud is the intentional deception of others in order to obtain an advantage or profit. To put it…

Q: Articulate when and how to report actual or suspected fraud

A: A fraud is when the actual activity or transaction differs from the stated or recorded transaction…

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: collusion between employees and management in the commission of a fraud is difficult to both prevent…

A: Collusion means agreement between two or more people for some wrongful deed particularly for a…

Q: What does it mean to say that internal control has limitations and what are these limitations?

A: Note: “Since you have asked multiple question, we will solve the first question for you. If you want…

Q: There are several steps involved in the fraud theory approach. What are they?

A: Fraud theory approach is an effective tool that can help in the deeper understanding of the…

Q: Companies set up internal controls to protect against fraud and waste. true or false

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What category does inventory related fraud fall into?

A: Inventory fraud refers to the fraud related to the theft of the physical items of inventory as well…

Q: Distinguish between a shell company fraud and pass through fraud.

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

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: Internal controls play an important role in reducing the risks of fraudulent activities in any…

A: Internal controls are the principles, policies, procedures formed by the management of the Company…

Q: How CSR related to accounting fraud?

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

Q: When assessing the danger of substantial falsification of the financial accounts, what is the…

A: An ethical value is the value what is perceived by a person about what is correct and what is wrong…

Q: xplain the role of the Risk Manager in fraud detection Explain the role of the Risk Manager in fraud…

A: In the world of finance risk managers play a very important role when it comes to detection of…

Q: How can advanced technology transaction processing systems reduce fraud

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Explain why collusion between employees and management in the commission of fraud is difficult to…

A: Fraud refers to an act which is committed intentionally by one person which results in financial…

Q: Explain the impact of the fraud in business according to accounting information system.

A: AIS (Accounting Information System) defines fraud as an action that can affect many people within…

Q: Dicuss the techniques an imposter can use to breach into an accounting information system.

A: Computer Fraud: A computer fraud is an unlawful act committed by the employees in an organization…

Q: The fraud scheme that is similar to the ‘‘borrowing from Peter to pay Paul’’ scheme is a. expense…

A:

Q: Define the term fraud.

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

Q: fraud assessment

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

Q: Explain how to conduct a fraud risk assessment

A: A fraud risk assessment is a detective and preventive tool used by an organization to identify,…

Q: How do fraud symptoms help in detecting fraud?

A: Fraud symptoms are indicators used by investigators to identify the perpetrator. These fraud…

Q: Define Fraud.

A: In terms of auditing , Fraud refers to intentional misrepresentation or concealment of material…

Q: Explain the relation between ethics and financial statement fraud by giving examples.

A: Explanation: When it comes to the preparation, presentation, and disclosure of financial results,…

Q: Identify one specific type of accounting fraud. What damage does the perpetration cause? What could…

A: An accounting fraud refers to frauds originating from within the business (internal frauds). The…