Which of the following is NOT a client protection principle?   a. Methods that prevent client of over-indebtedness   b. Privacy of client data   c. Adequate safeguards to prevent aggressive or abusive treatment of clients   d. The number of loans assigned to a loan officer

Q: protect consumers' financial information?

A: Financial information refers to data that can be measured in monetary terms and stored in the…

Q: Which of the following statements is incorrect? A bank providing a loan to the entity is not a…

A: D) An entity needs to disclose if it has a common director with another entity because there might…

Q: Which of the following procedures would maintain threats at an acceptable level and not impair…

A: In the realm of auditing and attestation services, maintaining an acceptable level of threats while…

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: To protect the assets and to enhance the accuracy and reliability of its accounting records,…

Q: ways to improve credit score steps to reduce exposure to identity theft

A: A credit score is a numerical representation of an individual's creditworthiness, which indicates…

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 recommendations will you give to prevent fraud?

A: Fraud is an unethical activity performed against an organization's policy in order to take personal…

Q: What rules or policies should be developed to avoid ethical fraud issues?

A: Accounting Fraud:   Intentional manipulation of financial statement to create false financial heath…

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: Which of the following scenarios reduces the risk of an employee fraud? Group of answer choices An…

A: Accountant was in charge and knowledge of vendor balances. Hence, chances for fraud in the form of…

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: What does it mean to say that internal control has limitations and what are these limitations?

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

Q: Responsibility for prevention and detection of fraud?

A: Fraud: It is a sharp and clever practice of the person to deceive some intentionally to secure…

Q: What necessary steps should be taken by the bank if they classify an account as unsatisfactory?

A: Generally in the following cases bank classify particular account as unsatisfactory account: 1.When…

Q: 2- Which one of the following statements is false for accounts receivables management? Written…

A: Accounts receivable management involves devising the policies and measures to ensure that customers…

Q: What is the relationship between CSR and accounting fraud?

A: CSR or Corporate Social Responsibility refers to the management principles which tries to integrate…

Q: What internal controls would you implement to help maintain control of your credit sales and…

A:

Q: Could efforts to avoid conflicts of interest lead an investment bank to provide poor service to a…

A: An investment is a financial institution that provides services to the company. Mainly, the clients…

Q: What are the ways to escape financial fraud? And why is it important to prevent it?

A: Any type of misrepresentation, forgery and mislead which harms the financial health of an…

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: Advantages and disadvantages of accepting debit and credit card transactions as opposed to accepting…

A: The objective of this question is to understand the pros and cons of accepting debit and credit card…

Q: Customer loans are classified on a Depository Institution (DI)'s balance sheet as Select one: A.…

A: A financial institution that specializes in accepting and retaining deposits from people and…

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: 1. How may an employee embezzle funds by issuing an unauthorized sales credit memo if the…

A: Embezzlement refers to a form of crime in which an individual or entity misappropriates the assets…

Q: hy do fraud examiners prefer documents over witnesses

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

Q: Who needs credit and collection management and why do they need ccm?

A: when the revenue cycle management for the credit and collection management is done by the healthcare…

Q: how can better financial oversight help to prevent fraud?

A: Financial oversight refers to the processes and systems used to monitor and manage financial…

Q: Provide an appropriate response based on the following scenarios. Assume that the accounting…

A:

Q: How do fraud symptoms help in detecting fraud?

A: Fraud symptoms are indicators used by investigators to identify the perpetrator. These fraud…

Q: if a manager is incharge of the Credit Right Software Corp department which involves sells leading…

A: There are many way to commit fraud by employees. Management of organization should aware about the…

Q: Explain the relation between ethics and financial statement fraud by giving examples.

A: Explanation: When it comes to the preparation, presentation, and disclosure of financial results,…

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…