Rationalization (which is part of the Fraud Triangle and the Fraud Diamond) means making excuses for your sinful choices instead of admitting that you are evil. In Genesis 3, two people blamed someone else for their sin—Adam blamed Eve, and Eve blamed the serpent. Name a factor you think might be used as an excuse by a corporate executive to commit a financial statement fraud, and explain why he or she might think this way.

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: How do you think Raju could have used Maytas assets to cover up the fraud?

A: We have to determine that how Raju could have used Maytas assets to cover up the fraud.

Q: Giving a gift to someone else is a show of kindness or generosity to express your appreciation.…

A: Gift is referred to as a contribution which is made to another person or business in order to…

Q: Business damages, as a result of financial fraud, directly impact the operations of any company.…

A: Fraud is an intentional act which is committed in order to defraud a group of people for the purpose…

Q: ff

A: Organization Background:  Steinhoff International Holdings N.V is a worldwide retail holding…

Q: 1.  Do you think that financial managers should be held to a higher standard of ethical behavior?

A: Yes, absolutely financial managers should be held to a higher standard of ethical behavior.…

Q: Danielle purchased a new car with higher payments expecting a raise from her employer. When the…

A: Approach to solving the question:Rational Detailed explanation:Perceived Pressure refers to the…

Q: During the interview of a suspect in an embezzlement case, several common themes are developed that…

A: Auditors are trained to extract numbers from individuals, but forensic auditors are trained to do…

Q: Jones feels he is getting close to an admission from Smith, an embezzlement suspect. All the…

A: Answer with explanation are as follows.

Q: What is NOT an example of rationalization as one of the three elements causing a person to commit…

A: Financial fraud in businesses is an unethical, illegal and deceptive activity that leads to monetary…

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: A Ponzi scheme

A: A typical Ponzi scheme functions by promising high returns on investments to attract new investors.…

Q: Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive…

A: Financial statement fraud refers to the intentional manipulation, misrepresentation, or…

Q: Which of the following items is not true about fraud?a. It can cause injury or damage to another…

A: Fraud is an intentional mis-representation of facts with the view to have unfair advantage for self…

Q: risk of engaging in criminal behaviours is evaluated by corporate managers who have very little to…

A: Inaccurate ,  Where a criminal attitude just be like theft, hacker, any hazarious to company or…

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 two positive and two negative consequences that this might pose to the company in future…

A: The question is asking about the potential positive and negative consequences that a company might…

Q: The fraud triangle asserts that the following three factors must exist for a person to commit…

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: Business damages, as a result of financial fraud, directly impact the operations of any company.…

A: Fraud includes activities such as theft, corruption, conspiracy, bribery etc. Fraud can occur in any…

Q: 21)   Which is not one of the fraud factors in the Fraud Pentagon?     A. Incentive   B.…

A: Offshoring,worldwide alliances, and the technology that connects them have all become more important…

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: When the shareholders of Ann Taylor Stores, a national retailer of upscale women's clothing, brought…

A: Inventory accounting is a way of keeping track of how much stock a company has and how much it's…

Q: Understanding what constitutes fraud and understanding the framework are a part of developing an…

A: The fraud triangle is a model that can be used to explain fraudulent behavior. It involves three…

Q: What is the best way to reduce financial statement fraud?

A: There are five basic types of financial statement fraud exist in the entity which are as…

Q: Gladys is in charge of receiving all customer payments, recording the payments, and depositing them…

A: Introduction:- The fraud triangle represents the factors that go into a person’s decision to commit…

Q: Accounting fraud is the intentional manipulation of financial statements to create a false…

A: Meaning of Accounting Fraud: Accounting fraud refers to intentional manipulation of financial…

Q: The fraud triangle contains three elements that must exist for accounting fraud to occur. The…

A: the three elements of the fraud triangle are incentive, opportunity, and rationalization.…

Q: Why would a financial institution’s PEP customers be required to provide documentation to evidence…

A: Given, Political Exposed Persons (PEPs) are characterized as high-risk clients who have better…

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.