of the three elements of the fraud triangle is not present, can fraud still b

Q: Fraud investigators refer to what elements as being part of the fraud triangle? Multiple Choice…

A: The fraud triangle is a diagram that shows the origins of a scam. Fraud is defined as the deliberate…

Q: Describe the Fraud Trian

A: The Fraud Triangle is a framework used to explain the three key elements that must be present for…

Q: Why is internal controls important to prevent fraud?  Why would a proper control system prevent…

A: Internal controls refer to the policies, procedures, and practices implemented within an…

Q: What are some red flags that may indicate a cover-up or concealment of a fraud?

A:

Q: Explain why professional skepticism would be critical in assessing and responding to the risk of…

A: Professional skepticism is a fundamental mindset that auditors and other professionals must adopt…

Q: Discussion Topic: What is Fraud? Forensic accountants and fraud examiners provide support for…

A: Fraud is a big problem in accounting and many companies in past have gone down because they indulged…

Q: Wages paid to employees are expenses revealed on the company's income statement. Group of answer…

A: Correct Answer:-   True  Supporting Reasons:- (i). Income Statement Overview:The income statement,…

Q: When a fraud has occurred within an organization, management must decide what follow-up action (s)…

A: An organization usually does not take any legal action against the person who has done fraud as it…

Q: Which is NOT a source of fraud risk (from the Fraud Triangle)?  a) Fraud Tip Hotline b) Perceived…

A: According to the Fraud Triangle, all three elements - opportunity, motivation or pressure, and…

Q: What are the elements of the fraud triangle? How can an internal control system limit reduce the…

A: Fraud means intentional concealment or misrepresentation of material facts for gaining personal…

Q: The best protection for a company against telemarketing scams is:

A: When money is being transferred to people who are not known or personal or financial information is…

Q: Which one of the following is not an advantage of internal controls? Select one: a. It safeguards…

A: Internal control is an auditing and accounting tool that ensures operational efficiency and…

Q: Apart from the internal audit and whistleblowing functions, what other mechanisms can assist…

A: There are various methods to tackle fraud. Listed below are explained as under- 1. Background…

Q: Explain what a ‘fraud risk factor means’ and discuss the three conditions generally present when…

A: Auditing is the inspection of the financial records of the company or organisations with no bias and…

Q: Give instances of risk factors for false financial reporting for \seach of the three fraud…

A: Financial Reporting Fraudulently: These are reports that have been purposefully misrepresented to…

Q: Explain the differences between Criminal Fraud versus Civil Fraud and provide an example of each…

A: The objective of this question is to understand the differences between Criminal Fraud and Civil…

Q: Opportunities for fraudulent reporting are present in circumstances when the fraud is easy to commit…

A: An opportunity to commit fraud means there are chances to the person to make a fraud which will be…

Electronic Health Records, HIPAA, and HITECH

Electronic health records mean maintaining patients’ medical records in an electronic version. Electronic health records are patient-centric records that provide patient information immediately and enable the authorized person to access them. Electronic health records contain the details of patients, treatment details, medical records, radiology reports, and laboratory reports.