Figure 4.1 below presents the payroll procedures of AAA Limited. We discussed various aspects of such payroll procedures. In the light of that discussion, identify the potential frauds possible in the payroll system of AAA Limited. Also, discuss the control techniques to avoid these frauds.

Explain the role of the Risk Manager in fraud detection Explain the role of the Risk Manager in fraud detection

An audit client has engaged a third-party service organization tohost its payroll software package on servers located at the service organization. What optionsdo you have to obtain assurance about the controls embedded in the payroll application?

Write a one-page memo analyzing the relationship between fraud and internal controls. Explain the principles underlying these approaches. Include a note on the limitations of internal controls.

Give suggestions to avoid payroll related fraud in companies.

Ay   In addition to the fraud triangle, what are a couple other tools used to indicate the potential for fraud. Explain them

What documents does a perpetrator use to commit billing fraud? example? What are the three categories in payroll fraud? example?

Whistle-blowers have played a key role in fraud detection. There are several types of whistle-blowers and safeguards for each type. Analyze the adversities that whistle-blowers face, including the safeguards intended to protect them. Compare the different types of whistle-blowers. What is the importance of each type?

1. How do fraud symptoms help in detecting fraud? 2. Why do internal control weaknesses help detect fraud? 3. What are accounting symptoms? 4. What are analytical symptoms?

From pages 4-1 and 4-2 of the VLN, the COSO Framework describes 5 components of internal control. What is the purpose of internal controls from a financial accounting perspective? 1. To guarantee no fraud will occur in the organization. 2. To help safeguard the company's assets. 3. To help improve the accuracy and reliability of the accounting information. 4.To prevent collusion. Group of answer choices A. 1,2, and 3 B. 2 and 3 C. 2, 3, and 4 D.1, 2, 3, and 4