Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To find : The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

Question

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Answer 1

Question

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

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Answer 2

Question

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Expert Solution & Answer

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Answer 3

Question

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Expert Solution & Answer

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Answer 4

Question

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Expert Solution & Answer

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Answer 5

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Answer 6

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

Answer 7

Chapter 7, Problem 7.4BYP

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

Answer 8

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

Answer 9

(b)

To determine

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

Answer 10

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

Answer 11

(c)

To determine

To find: The percentage of survey respondents who thought that the board of directors were ‘very concerned’ about the legal liability of their personal assets due to fraud occurrence in their companies, and percentage of survey respondents who thought that the board of directors were ‘fairly concerned’.

Answer 12

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Answer 13

(d)

To determine

To indicate: The three main issues concerning the compliance as per the survey.

Answer 14

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Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 7 - A local hank reported that it lost 150,000 as the...Ch. 7 - Prob. 2Q Ch. 7 - Prob. 3Q Ch. 7 - Prob. 4Q Ch. 7 - Prob. 5Q Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - Prob. 8Q Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To find : The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

Concept explainers

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

To indicate: The three main issues concerning the compliance as per the survey.

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Chapter 7 Solutions

Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To find : The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

Concept explainers

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.

To find: The percentage of survey respondents performed fraud risk assessment prior to the survey, and the percentage of survey respondents that have not performed fraud risk assessment

To indicate: The three main issues concerning the compliance as per the survey.

Want to see the full answer?

Chapter 7 Solutions

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage.