in a fraud triangle three element are talk about which are these factor are most important

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ekkarill92 answered 2 years ago

Briefly define each of the three elements of the fraud triangle and the fourth element of...

Briefly define each of the three elements of the fraud triangle and the fourth element of the fraud diamond.

Define the Fraud Triangle and then discuss which of the three most common factors - opportunity,...

Define the Fraud Triangle and then discuss which of the three most common factors - opportunity, rationalization and financial need - are most responsible for causing executives, managers, and other employees to commit occupational fraud

Which of these is most related to "incentives or pressures" in the fraud triangle?

Which of these is most related to "incentives or pressures" in the fraud triangle?management generally sets realistic forecasts and budgetsmanagement is under strong pressure to meet debt covenantsthe company has a high turnover of information technology staffthe financial statements include estimates that involve significant judgement

Worldcom accounting fraud case. Identify how each element of the fraud triangle was present in the...

Worldcom accounting fraud case. Identify how each element of the fraud triangle was present in the fraud. In addition, discuss internal controls that could have been in place to prevent the fraud from occurring.

1- Research a company who committed financial reporting fraud. What element of the fraud triangle was...

1- Research a company who committed financial reporting fraud. What element of the fraud triangle was most relevant to the reported fraud? 2- Research an accounting firm who was sued and found guilty of either audit failure, breach of contract or negligence. Please include the outcomes of the lawsuit. Choose an accounting firm which has not been previously researched by your peers.

1. For each scenario below, indicate which element of the fraud triangle is present. (incentives/pressures, opportunities,...

1. For each scenario below, indicate which element of the fraud triangle is present. (incentives/pressures, opportunities, or attitudes/rationalization.) a) Large amounts of cash are on hand. b) Management failed to correct ICFR deficiencies in a timely manner. c) The organizational structure is complex and lines or authority are unclear. d) Future employee layoffs are expected. e) Employee behavior suggests dissatisfaction with the company. f) Restrictions on the auditor limit access to evidence. g) Management attempts to influence the scope of...

The “Fraud Triangle” models the interplay between the three conditions that lead to fraud: (a) incentives/...

The “Fraud Triangle” models the interplay between the three conditions that lead to fraud: (a) incentives/ pressures; (b) opportunities and (c) attitudes/ rationalisations. Use Appendix 1 of ASA 240 to classify the following examples of risk factors relating to misstatements arising from fraudulent financial reporting as an example of either: incentives/ pressures; opportunities or attitudes/ rationalisations. Note: In answering this question please write the letter that denotes the statement followed by either incentive/ pressure; opportunity/; or attitude/ rationalisation A. Management...

In this unit, you have been introduced to the most commonly used fraud theory (Fraud Triangle...

In this unit, you have been introduced to the most commonly used fraud theory (Fraud Triangle Theory) created by Donald R. Cressey in 1950 while he was working on his doctoral thesis. Select one of the elements. Why do you find this element intriguing? Do you think these elements are relevant in today’s society? Why do you think fraud still exists even after the scandals of Enron and WorldCom?

What element or factor was the most responsible for the rise of the Gupta?

What are the three elements of the fraud triangle, and how can an employer minimize the...

What are the three elements of the fraud triangle, and how can an employer minimize the perceived pressures on the employee so as to prevent fraud?

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