Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

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Answer 1

Question

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

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Simba Pets uses the perpetual inventory system. At the beginning of the quarter, Simba Pets has $42,000 in inventory. During the quarter, the company purchased $9,200 of new inventory from a vendor, returned $1,500 of inventory to the vendor, and took advantage of discounts from the vendor of $300. At the end of the quarter, the balance in inventory is $34,500. What is the cost of goods sold? A. $15,500 B. $14,900 C. $13,500 D. $16,200

Answer 2

Question

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

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Answer 3

Question

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

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Answer 4

Question

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

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Answer 5

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

Answer 6

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

Answer 7

Chapter 5, Problem 8P

a.

To determine

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

Answer 8

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

Answer 9

b.

To determine

Explain the fraud scheme that is used to perpetrate the fraud.

Answer 10

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

Answer 11

c.

To determine

Describe the controls that could have prevented the accountant’s fraud.

Answer 12

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

Answer 13

d.

To determine

Describe the controls that could have detected the accountant’s fraud.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 5 - Prob. 1CQ Ch. 5 - Prob. 2CQ Ch. 5 - Prob. 3CQ Ch. 5 - Prob. 4CQ Ch. 5 - Prob. 5CQ Ch. 5 - Prob. 6CQ Ch. 5 - Prob. 7CQ Ch. 5 - Prob. 8CQ Ch. 5 - Prob. 9CQ Ch. 5 - Prob. 10CQ

Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

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Explain how the accountant fits the profile of a fraudster and describe how the accountant not fit the profile.

Explain the fraud scheme that is used to perpetrate the fraud.

Describe the controls that could have prevented the accountant’s fraud.

Describe the controls that could have detected the accountant’s fraud.

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