Discuss in your own words why internal auditors often fail to detect frauds. You should discuss a

Fantastic news! We've Found the answer you've been seeking!

Question:

Discuss in your own words why internal auditors often fail to detect frauds. You should discuss a minimum of four reasons.

Related Book For answer-question

Materials Science and Engineering An Introduction

ISBN: 978-0470419977

8th edition

Authors: William D. Callister Jr., David G. Rethwisch

See More Books

Posted Date: May 30, 2018 12:51 AM

See More Questions

Discuss in your own words why internal auditors often fail to detect frauds. You should discuss a minimum of four reasons.
Discuss in your own words Why do students plagiarize?
In your own words describe the following heat treatment procedures for steels and, for each, the intended final microstructure: full annealing, normalizing, quenching, and tempering.
The following information has been extracted from the trial balance of M/s Randhir Transport Corporation. Adjustments 1. Closing stock for the year was Rs. 35,500. 2. Depreciation charged on plant...
How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops, and admission fees?
Northern Metal Manufacturing (NMM), your company, has four manufacturing plants. Sales have been poor lately due to the weak economy that has resulted from the COVID-19 pandemic. Your manager, Marcia...
Give two arguments for and two arguments against partial-birth abortions.
The percentage of individual investors portfolios committed to stock depends on the state of the economy. The following table reports the percentage of stocks in a portfolio for nine quarters: a. Use...
How does the dynamic interplay between protgs and mentors within a mentorship framework contribute to the cultivation of cognitive dexterity and strategic foresight in navigating complex professional...
An article in Electronic Packaging and Production (2002, Vol. 42) considered the effect of X-ray inspection of integrated circuits. The rads (radiation dose) were studied as a function of current (in...
Matteo purchased a bond issued by Apple, Inc. The bond has a face value of $1,000, a coupon rate of 2.75% coupled with semiannual payments. How much should Matteo expect to receive every six months...
You are the HR manager of a professional services firm with 300 employees. Your company uses annual reviews along with frequent checkin meetings throughout the year as part of performance management....
Is the stimulus described in the news clip discretionary or automatic? Explain your answer. Chinas reliance on infrastructure spending to drive overall investment hit a new high in 2017. Chinese...
If the Indian government misses its deficit target, how will the demand for or supply of loanable funds in India change? The government of India set a budget deficit target of 3 percent of GDP for...
Supporting the safety of employees and customers is a stated goal for most organizations. Besides its importance for individual employees and for society more broadly, safety is linked to...
Explain the possible reasons why fiscal stimulus is needed in China. Chinas reliance on infrastructure spending to drive overall investment hit a new high in 2017. Chinese economic planners have...
Consider a two-period endowment economy. There are two countries, France and Morocco. Consumers in France have log preferences: In C + In C2 where C1 and C2 refer to French consumption in period 1...
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
Write the definition of the following words as outlined in the Food Safety Standards: Contaminant Contamination Potentially hazardous foods
Is it possible to have an iron-carbon alloy for which the mass fractions of total cementite and pearlite are 0.039 and 0.417, respectively? Why or why not?
A cylindrical piece of steel 25 mm (1.0 in.) in diameter is to be quenched in moderately agitated oil. Surface and center hardnesses must be at least 55 and 50 HRC, respectively. Which of the...
(a) Calculate the diffusion coefficient for copper in aluminum at 500C. (b) What time will be required at 600C to produce the same diffusion result (in terms of concentration at a specific point) as...
Explore whether the original Bell inequality can be violated at large angles as well.
Consider an EPR state $|\phiangle_{A B}$; Alice measures the spin on $z$, then Bob measures it on $x$, and then Alice measures it again on $z$. Classify the possible answers for the second...
Instead of the Bell-CHSH inequality in the text, consider an inequality obtained in the same way from $\tilde{M}=\left(A+A^{\prime} ight) B^{\prime}+\left(A-A^{\prime} ight) B$ instead of $M$. Is...

Discuss in your own words why internal auditors often fail to detect frauds. You should discuss a

Question:

Expert Answer:

Fraud Fraud could be defined as intentional acts or omissions committed by any person in the organization with an objective to obtain an unjust financial benefit Intention differentiates fraud from er... View the full answer

Materials Science and Engineering An Introduction

Students also viewed these accounting questions