What steps need to be taken before interviewing a person that is not suspected of committing fraud in a company?

Q: What is the biggest role or contribution that an accountant/auditor can do in ensuring that ethical…

A: Fraudulent Activities: Deception or other unethical tactics are used to acquire an unlawful benefit,…

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

A: The three elements of the fraud triangle are as follows: Pressure: Pressure acts as a base and…

Q: What motivates individuals to engage in occupational fraud?

A: Occupational frauds occur when an employee, management, officer, or owner of a company commits fraud…

Q: If you had the opportunity to interview Rita Crundwell, what would you ask her and why? 2. Should…

A: Rita Crundwell is a former comptroller and treasurer of the city of Dixon, Illinois. She worked for…

Q: Critically explain the key features of the Sarbanes-Oxley Act 2002 which aims at protectinginvestors…

A: The Sarbanes-Oxley Act of 2002 (SOX) was enacted in the United States in response to a series of…

Q: Which of the following would a fraudster perceive as a pressure?A. lack of management oversightB.…

A: Internal control techniques are those procedures or techniques which will ensure that objectives of…

Q: What is the connection between criminology and the discovery or prevention of fraud? It's not the…

A: Fraud It is the deliberate act of doing anything to get illegal items and deny the victim's rights.

Q: Opportunity, Financial Pressure, and Rationalization are the three main factors contribute to fraud…

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

Q: Why do auditors need to differentiate between employee and management fraud? Is it the…

A: That the Company's financial statements are free of any substantial misstatements following…

Q: What are some of the advantages and disadvantages of permitting auditors to provide nonaudit…

A: Advantages to provide non-audit services to the clients are listed as follows: Facilitation in…

Q: Why do fraud examiners handle information in a different manner than auditors? Why is thisimportant?

A: Fraud examiners handle information in a different manner than auditors, in order to minimize the tax…

Q: Explain the purposes of showing more or less profits by the fraudulent director.

A: Fraudulent directors may show more or less profits for a variety of purposes. One purpose is to…

Q: Which ethical principle is violated by an auditor who discloses information for personal gain? a.…

A: Auditing means the independent checking of company operation by outsider. Auditor is a qualified and…

Q: What factors should auditors consider in deciding whether to accept or continue the engagement with…

A:

Q: Other than technical knowledge of accounting standards, etc., what other skills are critical for…

A: There are many skills critical for forensic accounting and fraud examinations

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: Which of the following would assist an entity in cat and prevent fraud? a. Accounting…

A: Fraud:- When one person intentionally conducts some activities which are against the rules and…

Q: Who is the professional bodies that responsible in fraud audit? Birefly explain.

A: Fraud in audits occurs when an entity is discovered to have improperly manipulated financial…

Q: Which of the following is NOT a possible legal risk that can arise because of a fraud investigation…

A: Malicious prosecution occurs when a person is arrested without proper grounds. For example: Person A…

Q: Between his freshman and sophomore years of college, Jack takes a job as ticket collector at a local…

A: According to Jack the employees are misusing the facilities provide by the theatre to staffs. Even…

Q: A business wishes to establish sound internal controls. What rules and processes can you recommend…

A: This question explains about sound internal controls.

Q: As a fraud investigator, why you should be concerned about fraud trials as a result of resolving a…

A: Answer:-  Fraud investigator :- Fraud investigator is that person who investigates the alleged fraud…

Q: What are some effective methods that could have helped in dealing with an interview subject from…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS     Effective methods that could have helped in…

Q: hy do fraud examiners prefer documents over witnesses

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

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…