How can internal controls help to prevent fraud?
Question:
How can internal controls help to prevent fraud?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Goof internal controls can prevent some fraud from taking place can provide an audit trail ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Information Technology for Management Digital Strategies for Insight Action and Sustainable Performa
ISBN: 978-1118994290
10th edition
Authors: Efraim Turban, Carol Pollard, Gregory Wood
Question Posted:
Students also viewed these Business questions
-
1. Analyze the facts of the case using the Fraud Triangle. Would you characterize what Ethan Lester did as a failure of internal controls? Explain. 2. Assume Ethan sets a meeting with Vick in two...
-
Multiple Choice: 1. Before accepting an audit engagement, a successor auditor should make specific inquiries of the predecessor auditor regarding the predecessors a. Awareness of the consistency in...
-
1. Explain how Ahold used promotional allowances to manipulate earnings. Refer to the fraud triangle described in this chapter and analyze the incentives, pressures, and opportunities to commit fraud...
-
What are the Marketing Cost Estimates of Pepsi Company? Marketing estimates, in 2013-2019? It can be write in a paragraph and explain it statistically.
-
A sailboat weighing 980 lb with its occupants is running down wind at 8 mi/h when its spinnaker is raised to increase its speed. Determine the net force provided by the spinnaker over the 10-s...
-
Three companiesAggressive, Moderate, and Conservativehave different working capital management policies as implied by their names. For example, Aggressive employs only minimal current assets, and it...
-
Suppose that \(v_{1}, v_{2}, \ldots, v_{n}\) are positive numbers. The arithmetic mean and the geometric mean of these numbers are, respectively, (a) It is always true that \(v_{A} \geq v_{G}\)....
-
An auditor for Health Maintenance Services of Georgia reports 40% of policyholders 55 years or older submit a claim during the year. Fifteen policyholders are randomly selected for company records....
-
Jack, age 3 0 and married with no dependents, is a self - employed individual. For 2 0 2 3 , his self - employed business sustained a net loss from operations of $ 1 0 , 0 0 0 from operations . The...
-
What is leadership development? Discuss how leadership development has been implemented in Australias leading professional sports organisations. (10 marks - 400 words MAX)
-
What are the three categories of inventory costs?
-
What are the objectives of JIT?
-
Investigate the sensitivity of the required number of iterations required under the bisection method to a. The initial interval width for fixed = 0.001 b. The error tolerance for a fixed initial...
-
A debtor owes two business money, business A $1,000,000 and business B 9,000,000 but can only make payments of 200,000 a month, what percentage of that payment goes to business A and what percentage...
-
Fung is planning for the correct after tax and after inflation real rate of return to use. If inflation will be 1.3%, the average rate of return on his investments will be 4.9%, and the tax rate on...
-
The board chair has asked management to develop some strategies to improve profitability and estimate the impact of the strategies on the hospital's return on equity (ROE). By how much would the 2021...
-
Home Furnish has bonds on the market with 13 years to maturity and a yield to maturity of 8.5.In the financial newspaper, Home Furnish bonds is quoted as 127.223% of par value. The bonds make...
-
You and your friend (continuing your successful association that began in GMU) have opened a security valuation business. You need to determine the weighted average cost of capital and the value of a...
-
Given N = 182 and the expected percentages below, find the expected frequencies: C 48% A 14% B 38%
-
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
-
Eljay, LLP owns several apartment complexes and office buildings. The leasing and management of these buildings constitutes Eljays only business activity. During the current year Eljay incurred the...
-
Sam is a sole proprietor who owns, leases, and manages several apartment complexes and office buildings. During the current year, Sam incurs the following expenses. Which of these expenditures are...
-
Damian Corporation is engaged in the business of purchasing and importing carpets from Iran. Importing these carpets from Iran is illegal. Following is a list of income and expense items for the...
-
1. Define latent heat and how it is different than specific heat capacity. 2. Describe how a phase diagram changes when changing from a solid to a liquid. 3. Describe how work done is related to a...
-
In a large vaccination clinic, patients arrive at the rate of 50 per hour. The clinic is staffed with five nurses and it takes on average 6 minutes for a nurse to vaccinate a patient. Both patient...
-
Calculate the missing value. Beginning cash balance add : cash receipts Collection of notes receivable Proceeds from sale of securities collection from credit sales Total receipts Total available...
Study smarter with the SolutionInn App