Explain what is meant by the fraud triangle

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.…

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

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: Because all fraud involves some form of financial misstatement, how is fraudulent statement fraud…

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Q: of the three elements of the fraud triangle is not present, can fraud still b

A: The three elements of the fraud triangle are as follows: Pressure: Pressure acts as a base and…

Q: Question No. 1. What are fraud audits and why have they become more common?

A: Fraud is intentional work deception to unfair or undue advantage. Fraud is committed for give…

Q: the kickback is a form of fraud   often associated

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

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: Errors/misstatements and fraud (meaning and characteristics)?

A: A misstatement is an error, either intentional or unintentional, that exist in a transaction or…

Q: Refer to the given system flowchart, and we have discussed the control weakness and the risk…

A: Business risks are associated with the internal control systems that every company needs to follow.…

Q: Fraud risk factors are events or conditions that indicate which of the following?a. An opportunity…

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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 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 role does note-taking and documentation play in fraud analysis of evidence and the…

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

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: 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: Refer to the given system flowchart, and we have discussed the control weakness and the risk…

A: Frauds in sales department are as follows: Recording fake invoices Misrepresenting the excessive or…

Q: A weak internal control system is which element in the fraud triangle?a. Motiveb. Attitudec.…

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

Q: what types are frauds are possible in revenue cycle?

A: Introduction: The revenue cycle is a method of defining and maintaining the processes used for the…

Q: hy is fraud prevention so important?

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

Q: Why do fraud examiners treat data differently than auditors? Why is this so

A: To minimize a client's tax liability, fraud examiners handle information differently than auditors.…

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: 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 can advanced technology transaction processing systems reduce fraud

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

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: 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: 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: Define the term fraud.

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

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: 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: What does fraud includes?

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

Q: What is billing (or vendor) fraud?

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Q: Define Fraud.

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

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.

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.