Explain what a ‘fraud risk factor means’ and discuss the three conditions generally present when fraud occurs. Illustrate your answer with two examples of fraud.

Q: investigative techniques used  to uncover the fraud.

A: Fraud is defined as a false portrayal of the facts that cause the victim of the fraud to suffer harm…

Q: Fraud investigators refer to what elements as being part of the fraud triangle? Multiple Choice…

A: The fraud triangle is a diagram that shows the origins of a scam. Fraud is defined as the deliberate…

Q: Fraud risk factors are events or conditions that indicateI. An incentive or pressure to perpetrate…

A: Fraud: It can be defined as the deception on criminal grounds, committed by the person…

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: What three forces constitute the triangle of fraud?

A: Fraud:   Fraud can be defined as an act of dishonesty that can be performed by a worker or an…

Q: Which of the following conditions is not necessary for a fraud to occur? Select one: a. Explanation…

A: Following conditions are necessary for a fraud to occur: 1. Pressure 2. Opportunity 3.…

Q: Describe the fraud triangle andidentify conditions for fraud.

A: The fraud triangle is a concept that is frequently used in auditing to describe why someone might…

Q: The fraud triangle asserts that the following three factors must exist for a person to commit…

A: Given information is: The fraud triangle asserts that the following three factors must exist for a…

Q: Identify three different categories of fraud risk factors. Next, for each category, what are some…

A: Fraud: Fraud can be defined as an act of dishonesty that can be performed by a worker or an employee…

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

A:

Q: If one of three elements of fraud triangle is not present can fraud still be pepertrated. Explain

A: Fraud triangle was introduced in 1950s and it has three factors namely, 1. Incentive/pressure to…

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: Select the correct answer(s) for the following multiple-choice questions. Note that there may be…

A: Fraud: Fraud is gaining unfair benefits by doing something illegally such as "fake statement",…

Q: Identify three opportune moments that would increase the likelihood of fraud

A: Fraud:   It refers to the intentional misrepresentation of the financial information or corporate…

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

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: 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: 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: 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: 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: The fraud triangle identifies incentives, opportunities, and rationalizations as the three elements…

A: FRAUD TRIANGLE: The fraud triangle is developed from Donald Cressey's hypothesis. The fraud…

Q: Opportunities for fraudulent reporting are present in circumstances when the fraud is easy to commit…

A: An opportunity to commit fraud means there are chances to the person to make a fraud which will be…

Q: What are the three key points about a fraud perpetrator

A: Fraud perpetrator represents the factors that increases the risk of committing fraud in the…

Q: incentives,

A: Fraud risk refers to the risk that is unexpected and related to the financial, material, or loss…

Q: Name the three fraud-motivating forces.

A: Definition: Fraud: An intentional act of dissembling assets of a company, misusing or altering the…

Q: dentify and explain the three conditions(i.e., the fraud triangle) that often exist whena fraud…

A: Fraud:   It refers to the intentional misrepresentation of the financial information or corporate…

Q: AU-C 240 points to three conditions that enable fraud to occur. Briefly describe each condition. How…

A:

Q: whar are the three factors that must exist for a person to commit fraud include

A: Fraud:   Fraud can be defined as an act of dishonesty that can be performed by a worker or an…

Q: Define “fraud.” List andbriefly discuss the three major components of the fraud triangle.

A:

Q: What are three primary points about fraud investigation and timing?

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: 1. What are the three factors that contribute to fraud?

A: An act of making illegal profits by concealing the material information or untrue representation of…

Q: Describe what is difference between errors and fraud.

A: Difference between fraud and error: Fraud refers to an intended attempt to misrepresent financial…

Q: If one of the  three elements of the fraud triangles is not present, can fraud be still perpetrated?…

A: All three elements of fraud has to be present for fraud to occur. Even if one of the element is not…

Q: A reason to believe that a fraud has occurred is calleda. Deliberation.b. Forensics.c.…

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 experts often say that there are three principal factors that contribute to fraud. Identify…

A: Fraud refers to a deliberate act of deceiving someone to obtain personal unjust gain. Fraud experts…

Q: a m

A: In order for tips to be independently investigated, it is desirable they go directly to an…

Q: fraud cases

A: A fraud refers to the wilful act of deceiving the other party.

Q: For this assignment, you are to construct a diagram of the Fraud Triangle and clearly label each…

A: The fraud triangle is a concept that auditors use to explain why someone might choose to conduct a…

Q: Whistle-blowers have played a key role in fraud detection. There are several types of…

A: Whistle-blower can be defined as the person who is generally an employee who exposes information or…

Q: Give examples of risk factors for fraudulent financial reporting foreach of the three fraud…

A: Fraudulent Financial Reporting:-These are the intentionally misstated report prepared for the…

Q: What is an example of rationalization as one of the three elements causing a person to commit fraud?

A: Their are 3 fraud risk factors or characteristics  of fraud  They are 1.Incentive/pressure to commit…

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.