Fraud Examination
Fraud Examination
5th Edition
ISBN: 9781305079144
Author: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
Publisher: Cengage Learning
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Chapter 4, Problem 10MCQ
To determine

The correct option for the “tone at the top” is an important element in fighting fraud, which involves:

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Indicate the COSO component that matches with each of the following internal control activities. Internal control activities a. Reporting of control effectiveness. b. Analyses of fraud risk factors. c. Implementation of policies to reduce risk of internal control failure. d. Executives' strong ethics. COSO components
Explains these controls and tell why they are important in any fraud situation:  a. Preventive controls b. Detective controls c. Leveraging technologd. Identifying the red flags NB: Answer questions a-d
Indicate the COSO component that matches with each of the following internal control activities. Internal control activities a. Independent review of controls. b. Analyses of fraud risk factors. c. Implementation of policies to reduce risk of internal control failure d. Executives' strong ethics.
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