Fraud Examination
Fraud Examination
5th Edition
ISBN: 9781305079144
Author: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
Publisher: Cengage Learning
Question
Book Icon
Chapter 2, Problem 13SC

(1)

To determine

 

(2)

To determine

The opportunities available with Dr NL to commit fraud are:

  1. Insurance companies did not understand the patients reports and classifying them as false was difficult for the insurance company.

  2. Insurance Company did not cross verify the reports submitted by doctor and allowed all claims as submitted

  3. As the head of the hospital was involved, it was easy for him to create fake records and get them approved for insurance claim.

(3)

To determine

Rationalization of fraud by Dr NL

(4)

To determine

The ways in which Dr NL could help the patients but not deceive the insurance company.

Blurred answer
Students have asked these similar questions
In its income statement for the year ended December 31, 2025, Oriole Company reported the following condensed data. Salaries and wages expenses $511,500 Loss on disposal of plant assets $71,500 Cost of goods sold 1,059,850 Sales revenue 2,431,000 Interest expense 78,100 Income tax expense 33,000 Interest revenue 71,500 Sales discounts 176,000 Depreciation expense 341,000 Utilities expense 121,000 Prepare a multiple-step income statement. (List other revenues before other expenses.) Sales Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating Expenses ORIOLE COMPANY Income Statement For the Year Ended December 31, 2025 2,431,000 176,000 2,255,000 1,059,850 1,195,150
Financial accounting [5 points]
Please see an attachment for details general accounting question

Chapter 2 Solutions

Fraud Examination

Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Business Its Legal Ethical & Global Environment
Accounting
ISBN:9781305224414
Author:JENNINGS
Publisher:Cengage
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage
Text book image
SWFT Corp Partner Estates Trusts
Accounting
ISBN:9780357161548
Author:Raabe
Publisher:Cengage
Text book image
SWFT Comprehensive Volume 2019
Accounting
ISBN:9780357233306
Author:Maloney
Publisher:Cengage
Text book image
SWFT Individual Income Taxes
Accounting
ISBN:9780357391365
Author:YOUNG
Publisher:Cengage
Text book image
Administration Of Wills/Trusts/ And Estates
Finance
ISBN:9781285281308
Author:Brown
Publisher:Cengage