What is the knowing misrepresentation of the truth in order to trick someone into entering into a contract? Fraud O Duress O Embezziement Mistake

Q: How do you understand the Fraud Triangle? Please provide explanation

A: Fraud: Fraud is an act of deception committed by an individual intentionally against the company for…

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

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: Which type of agent is not liable for a breach of contract by his principal:   a. undisclosed…

A: Contract: It is an agreement between two or more parties which describes the rights and duties of…

Q: ff

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

Q: Does the coverage of the Statute of Frauds make sense as it currently stands? Would it be better to…

A: Introduction:- Fraud is defined as intentional deception with the intent of gaining an unfair or…

Q: How can external auditors attempt to uncover motivations for committing fraud?

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

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: Determine if false financial reporting or misuse of assets has occurred. Compare and contrast the…

A: Generally, fraudulent financial reporting happens when an international deception occurs in the…

Q: which of the following is true? a.When what is to be delivered is a generic thing, the creditor may…

A: The word contractual responsibilities refers to the tasks for which the parties to a contract are…

Q: Fraud risk factors are events or conditions that indicate which of the following?a. An opportunity…

A:

Q: Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using…

A:

Q: If the agency relationship is undisclosed, the agent is liable to the third party if they fail to…

A: A fiduciary relationship in which one person, referred to as the principal, authorizes another…

Q: How is Benford's Law used to investigate cases of fraud

A: According to Benford's Law, the odds are not random. In reality, the first digit has a 12.5 percent…

Q: Provide incidents that E-commerce fail to secure personal information of their customers and…

A: Answer : When it involves on-line shopping, e-commerce sites store client information that features…

Q: How does occupational fraud and abuse differ from other kinds of fraud? Give examples of other fraud…

A: Fraud is the intentional deception of others in order to obtain an advantage or profit. To put it…

Q: Factual errors can occur in two ways: unilaterally or bilaterally. What are the implications of both…

A: pleas see the next step for solution

Q: Fraud is an ________ act by any person to conceal the truth, deceive and obtain illegal advantage.…

A: Following is the answer to the given question

Q: How is skimming scheme fraud carried out?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: May an action arising from fraud be waived? explain

A: Fraud- Fraud is defined as the deliberate misrepresentation of an existing material truth by one…

Q: TRUE or FALSE 1. Statute of Fraud requires that certain executed contracts must be reduced into…

A: Comment- Multiple Questions Asked. 1) The statue of fraud requires that a certain contract to be in…

Q: Formalities in a contract can be self-imposed by the parties to a contract. Select one: True False

A: Contract is referred as an enforceable agreement, which helps in defining, creating, and also…

Q: A court will not enforce a cotnract if the contract requires an action that is egregious, even if…

A: Egregious contracts mean those contracts which are severely one-sided and unfair to the other party…

Q: Give examples of obligations or contracts which are contrary to law .

A: The contract is an agreement forming a relationship between two parties in such a way that if any of…

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…

Q: ecognize the difference between dishonest financial reporting and the misuse of property. Compare…

A: Answer: Fraudulent and forgery activities are done to manipulate numbers in financial statements

Q: True or False  According to PFRS 15, if an entity expects that a portion of gift certificates sold…

A: PFRS 15 Revenue from Contracts with Customers,  Breakage means the amount of contract liability…

Q: What is economic extortion and what controls can be implemented to prevent or detect this kind of…

A: Economic extortion: It is a fraud that is done by the health inspector. Economic extortion is a kind…

Q: If a company reported fi ctitious revenue, it could try to cover up its fraud by: C . creating a fi…

A: Every company tries to do window dressing of its financial statements in a certain way which would…

Q: What is the ethical value of applying the Fraud Triangle to assess the risk of material…

A: Fraud Triangle:   A fraud triangle refers to a framework that is used in auditing to explain the…

Q: Opportunity, is a fraud risk factor

A: Opportunity is the chance for committing fraud. It is an element of fraud triangle.

Q: hy do fraud examiners prefer documents over witnesses

A: Solution Concept \Fraud examiners                 Fraud examiners are the professional who examines…

Q: Which of the following mistakes that does NOT render an agreement defective?

A: The Agreement would be defective under following condition: 1. The Subject matter of the contract…

Q: Give an example of fraud and error?

A: Fraud is an intentional manipulation of a fact with the intention of misleading an individual or a…

Q: How is net worth analysis used to prove fraud?

A: Net worth: It is the difference between total value of asset and liabilities. If net assets exceed…

Q: What does fraud includes?

A: Fraud:   It is the practice of intentional misrepresentation of facts to make financial or personal…

Q: How does “fraud examination”differ from “forensic accounting”?

A: Fraud  - This is an Intentional act committed to gain something illegal by omission or  commission…

Q: What is an example of rationalization as one of the three elements causing a person to commit fraud?

A: Their are 3 fraud risk factors or characteristics  of fraud  They are 1.Incentive/pressure to commit…

Q: Why are related-party frauds more difficult to detect than frauds with no related parties?

A:

Q: The relationship between a banker and its customers are not only fiduciary in nature but contractual…

A: A bank may be a financial organization that's allowed to simply accept deposits and supply loans.…

Q: 1) A contract procured by fraud during face to face negotiations with an impostor is void. 2) A…

A: Contract:   A contract is a legally enforceable agreement between two or more entities to perform an…

Q: The mere existence of a related party should be disclosed despite of not having any transactions…

A: A related party may directly or indirectly affect the profit of the entity even if no transactions…

Q: Identify one specific type of accounting fraud. What damage does the perpetration cause? What could…

A: An accounting fraud refers to frauds originating from within the business (internal frauds). The…