Discussion topic 1: Noncash Asset Misappropriation Select a type of noncash asset misappropriation fraud scheme and...

Discussion topic 1: Noncash Asset Misappropriation

Select a type of noncash asset misappropriation fraud scheme and explain how it might occur. Discuss several techniques to detect this type of fraud and at least one internal control that would reduce this fraud risk.

Site reference please

Expert Solution

Discussion topic 1: Noncash Asset Misappropriation

Select a type of noncash asset misappropriation fraud scheme and explain how it might occur. Discuss several techniques to detect this type of fraud and at least one internal control that would reduce this fraud risk.

Answer:-

one of the noncash resource misappropriation extortion conspire that can be thought about is the taking of organization's stocks and resources and moving them in market by the representatives. It was seen if there should be an occurrence of Reebok shoes.

several techniques to detect this type of fraud are as follows :

checking Accounting provision made at the end of Year,

Use of eccentric review methods especially toward the finish of year

Applying more than the required review procedures.

Enlisting a specialist if there should be an occurrence of estimation

Giving less capacity to the workers.

Surprise check of cash as well as employees.

One internal control that would reduce this fraud risk .

Isolation of obligations and in addition Rotation of representatives. Keeping tight authority over workers.

ekkarill92 answered 1 year ago

Discussion topic 2: Research – Asset Misappropriation Conduct research in the Library accessed through the home...

Discussion topic 2: Research – Asset Misappropriation Conduct research in the Library accessed through the home area of the course room and locate an article on noncash asset misappropriation. Discuss the article in terms of prevention and detection.

Auditing - Fraud through Misappropriation of Assets or Fraudulent financial reporting State one type of fraud...

Auditing - Fraud through Misappropriation of Assets or Fraudulent financial reporting State one type of fraud that can occur for the accuracy objective of provision for warranty (liability account) State one type of fraud that can occur for the sales occurrence objective of sales revenue (revenue account)

Topic: Governmental Fraud 1. Choose a related topic to Governmental Fraud and discuss 2. Remember to...

Topic: Governmental Fraud 1. Choose a related topic to Governmental Fraud and discuss 2. Remember to clearly state and define your ideas, and use different sources to support your ideas. Include some measures that can be put into place to detect or deter fraudulent activities in the government.

The most common scheme type used in financial statement fraud involves manipulation of revenue figures. Schemes...

The most common scheme type used in financial statement fraud involves manipulation of revenue figures. Schemes to manipulate revenue figures typically involve posting sales before they are made or prior to payment. Examples include recording product shipments to company-owned facilities as sales, re-invoicing past due accounts to improve the age of receivables, Pre-billing for future sales and duplicate billings. How easy or hard is it to manipulate the revenue figures? Why? Anyone?

Discussion Topic# 1: What is a “shift to the left” in a CBC? Discussion Topic# 2:...

Discussion Topic# 1: What is a “shift to the left” in a CBC? Discussion Topic# 2: A father brings in his 3-year-old son, James, who was initially running a fever. He was given Tylenol, and the fever went away for 2 days. Now, however, the fever is back, and he has noted dark spots on his body and a lump in his armpit. He has been lethargic and has not wanted to eat for the last 24 hours. The physician...

Select a local healthcare organization as the topic for this discussion question. Review the mission statement...

Select a local healthcare organization as the topic for this discussion question. Review the mission statement of the organization. This can normally be found on the organization’s website. Discuss two ways that the organization can market its services to promote its mission

Select one type of fraud that a CPA may commit. Also examine the current penalties for...

Select one type of fraud that a CPA may commit. Also examine the current penalties for such offenses. Discuss whether you believe the punishments are appropriate.

Please select a relevant current event topic in economics and post in the discussion forum along...

Please select a relevant current event topic in economics and post in the discussion forum along with your brief summary of the article. Good on line sources are CNN Money, USA Today Money Section, Wall Street Journal On line, Economic Way of Thinking, Economist, or any other on line periodical or news service. Students should provide a link to the article or select the print function and then copy and paste the article into the forum for best results. Please...

In this discussion topic, explain why a corporation would choose one type of interest over the...

In this discussion topic, explain why a corporation would choose one type of interest over the other when purchasing a stake in another corporation. Include in your discussion the advantages and disadvantages of each interest type for the acquiring and subsidiary corporation.

Select a discussion about a difficult topic you have heard about. Begin with a statement. Write...

Select a discussion about a difficult topic you have heard about. Begin with a statement. Write out a comment for each of the 8 elements from the circle of elements: Purpose, Question, assumptions, Implications, information, concepts, conclusions and point of view.Select a discussion about a difficult topic you have heard about. Begin with a statement. Write out a comment for each of the 8 elements from the circle of elements: Purpose, Question, assumptions, Implications, information, concepts, conclusions and point of...

Question