FRAUD-MOTIVATING FACTORSResearch has shown that situational pressures and opportunity are factors that contribute to fraudulent behavior. Requireda. Identify two situational pressures in a public company that would increase the likelihood of fraud.b. Identify three opportune moments that would increase the likelihood of fraud.

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: 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: The management fraud is committed by a top level management employee? Give an example of those top…

A: frauds committed by management ( top-level ) -   - management frauds are committed by top-level…

Q: ff

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

Q: Briefly explain the key concepts below:  a. Financial crime b. Fraud triangle c. Money laundering…

A: Auditing and accounting are closely related fields within the broader realm of finance and financial…

Q: Fraud Scandal about Wiredcard AG

A: Scandal refers to the situations of fraud arising in business from the manipulation by trusted…

Q: Determine if false financial reporting or misuse of assets has occurred. Compare and contrast the…

A: Generally, fraudulent financial reporting happens when an international deception occurs in the…

Q: Which of the following is NOT a trend in Corporate Fraud? a) Anti-fraud controls have little impact…

A: Corporate fraud refers to illegal activities or deceptive practices committed within a corporation…

Q: Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive…

A: Financial statement fraud refers to the intentional manipulation, misrepresentation, or…

Q: What is the usefulness of using the Fraud Triangle to evaluate the risk of major misstatements in…

A: This question explains about the usefulness of using the Fraud Triangle to evaluate the risk of…

Q: Which is NOT a source of fraud risk (from the Fraud Triangle)?  a) Fraud Tip Hotline b) Perceived…

A: According to the Fraud Triangle, all three elements - opportunity, motivation or pressure, and…

Q: Fraud risk prever reduce the in

A: Conduct a fraud risk assessment: One of the most effective ways to prevent fraud is to conduct a…

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

A:

Q: Categorize the situation as primarily indicating 1 - an incentive to commit fraud 2 - an…

A: Fraud is something which is done to gain benefit from something wrong. In other words, false…

Q: 21)   Which is not one of the fraud factors in the Fraud Pentagon?     A. Incentive   B.…

A: Offshoring,worldwide alliances, and the technology that connects them have all become more important…

Q: Explain at least three

A: Talent acquisition is one of the more well-known functions of any HR department. Making…

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 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: Prudential regulation is generally seen to deal with: a. Systematic risks in the financial sector.…

A: Prudential risks are those that can reduce the adequacy of a firm's financial resources, and as a…

Q: Give instances of risk factors for false financial reporting for \seach of the three fraud…

A: Financial Reporting Fraudulently: These are reports that have been purposefully misrepresented to…

Q: “fraud   triangle

A: Fraud triangle theory explains the reasons for committing fraud.

Q: Internal control at any organization is important because: Multiple Choice OIt reduces the chances…

A: Internal control is a set of procedures incorporated in the operational activities of business to…

Q: Which of the following is not included in a vulnerability chart? a. Internal controls that a company…

A: An organization or system's potential risks and vulnerabilities can be found and analyzed using a…

Q: factors that must be present for management fraud to exis

A: The management may commit fraud by manipulation of accounts and misrepresentation of facts to…

Q: incentives,

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

Q: All frauds involve key elements. Identify and describe using examples, the elements involve in an…

A: Embezzlement fraud is a significant and one of the most common frauds in the world of finance.   It…

Q: risk management and internal control

A: Wirecard scandal refers to the accounting scandals that relate to the insolvency of the German…

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

A:

Q: Opportunity, is a fraud risk factor

A: Opportunity is the chance for committing fraud. It is an element of fraud triangle.

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: Two types of financial risks faced by banks operating in the Financial sector and state how a risk…

A: Banks are eposed to some risks such as credit risk, operational risk, market risk and liquidity…

Q: Each of the following scenarios is based on facts in anactual fraud. Categorize each scenario as…

A: Auditing- Auditing is the independent review of financial data from any company, regardless of size…

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.