Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using them?
Answer to relevant QuestionsIs capability required to commit a fraud? Is capability part of opportunity, or should it be considered a separate element of fraud?What feature of the acquisition and expenditure control would be expected to prevent an employee from embezzling cash by creating fictitious vouchers?When auditing with “fraud awareness,” auditors should especially notice and follow up employee activities under which of these conditions? a. The company always estimates the inventory but never takes a complete physical ...Which of the following would the auditor consider to be an incompatible operation if the cashier receives remittances? a. The cashier prepares the daily deposit. b. The cashier makes the daily deposit at a local bank. c. The ...In preparing for the audit of cash, the auditors perform analytical procedures concerning cash balances. Which of the following would be the best source of information for use in the estimate of cash? a. Prior- years’ ...
Post your question