Inappropriate or inefficient communication and support of the entity's values is evident Choose. There is a presence of large amounts of cash on hand or inventory items Choose. There is ineffective oversight over financial reporting Choose. Financial stability or profitability is threatened by economic, industry, or entity operating conditions Choose. There is a disregard for internal controls Choose. Adverse relationships between management and employees Choose. motivate employees to misappropriate assets High turnover or ineffective accounting, internal audit, or information Choose. technology staff exists Disregard for the need to monitor or reduce risk of misappropriating Choose. assets exists Choose. There is inadequate internal control over assets Choose. Management has a practice of making overly aggressive or unrealistic forecasts

Inappropriate or inefficient communication and support of the entity's values is evident Choose. There is a presence of large amounts of cash on hand or inventory items Choose. There is ineffective oversight over financial reporting Choose. Financial stability or profitability is threatened by economic, industry, or entity operating conditions Choose. There is a disregard for internal controls Choose. Adverse relationships between management and employees Choose. motivate employees to misappropriate assets High turnover or ineffective accounting, internal audit, or information Choose. technology staff exists Disregard for the need to monitor or reduce risk of misappropriating Choose. assets exists Choose. There is inadequate internal control over assets Choose. Management has a practice of making overly aggressive or unrealistic forecasts

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Essentially, the three elements of the Fraud Triangle are: Opportunity, Pressure (also known as incentive or motivation) and Rationalization (sometimes called justification or attitudo). For fraud to occur, all three olements must be present. Select the proper element of the Fraud Triangle for each of the following examples:

OS Ticket system
My Dispense
Academic Calendar
My courses (7)
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A Q
Inappropriate or inefficient communication and support of the entity's
values is evident
Choose.
There is a presence of large amounts of cash on hand or inventory
items
Choose..
There is ineffective oversight over financial reporting
Choose.
수
Financial stability or profitability is threatened by economic, industry,
or entity operating conditions
Choose.
There is a disregard for internal controls
Choose.
Adverse relationships between management and employees
Choose.
motivate employees to misappropriate assets
High turnover or ineffective accounting, internal audit, or information
Choose.
technology staff exists
Disregard for the need to monitor or reduce risk of misappropriating
Choose.
assets exists
Choose.
There is inadequate internal control over assets
Management has a practice of making overly aggressive or
Choose.
unrealistic forecasts
9.
Research indicates that the most effective way to prevent and deter fraud is to:
swered
Select one:
t of 1.00
Oa terminate emplovees who gre suspected of committing fraud.

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