Fraud triangle Study guides, Class notes & Summaries

Victimology Exam 3.o Trafficking Victims Protection Act of 2000 PG. 302 - correct answer Trafficking was not a federal crime until 2000 1.Any commercial act induced by force, fraud or coercion or commercial sex acts in which the individual induced to perform commercial sex has not attained 18 years of age. 2. The recruitment, harboring, transportation, provision, or obtaining of a person for labor or services, through the use of force, fraud, or coercion for the purpose of subjection to invo...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

ACCT 211-Liberty University EXAM 1 Question and answers rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly invol...

Accounting 211 Quiz- Chapters 1 & 2accounting - correct answer an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable info about an organization's business activities external users - correct answer not directly involved in running organization (investors, lenders, suppliers, lawyers, customers) financial accounting aimed at - correct answer external users internal users - correct answer directly involved in managing/operatin...

Accounting 211 Quiz- Chapters 1 & 2 questions and answers accounting - correct answer an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable info about an organization's business activities external users - correct answer not directly involved in running organization (investors, lenders, suppliers, lawyers, customers) financial accounting aimed at - correct answer external users internal users - correct answer directly involv...

A primary benefit of performing a bank reconciliation is: accuracy of cash reported in the balance sheet. accuracy of liabilities reported in the balance sheet. accuracy of revenues reported in the income statement. accuracy of cash reported in the balance sheet. A bank reconciliation reconciles the difference between the bank's balance of cash and the company's balance of cash related to: errors and fraud. timing differences. both timing differences and errors and fraud represent differenc...

CITP Exam Questions with Answers Latest 2024/2025 Rated A+ | Graded. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limite...

Grand Jury can return a verdict of- - True bill/ No bill Murder, Rape and Robbery is- - Aggravated Assault Court of Original Jurisdiction- - Superior Court Duty and Power of Magistrate- - Ordinance Felony shoplifting- - + $500 Kidnapping difference false imprisonment- - Abduction Bill of Rights- - First 10 Amendments Legs Cut Off- - Aggravated Battery Force used by Police- - Reasonable amount of force Difference between theft and burglary- - force or threat of coercion...

Test Bank For Financial Accounting Fundamentals, 8th Edition By John Wild 2024 All Chapter ( 1-13 ) A+ Answers are at the End of Each Chapter Chapter 01: Student name:__________ TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Accounting is an information and measurement system that identifies, records, and communicates an organization's business activities. ⊚ true ⊚ false 2) Accounting includes the analysis and interpretation of information...

ACCOUNTING IS A SYSTEM THAT ___________, _____________, AND _________________ INFORMATION THAT IS _____________, _____________, AND _______________, TO HELP USERS MAKE BETTER DECISIONS correct answers ACCOUNTING IS A SYSTEM THAT IDENTIFIES, RECORDS, AND COMMUNICATES INFORMATION THAT IS RELEVANT, RELIABLE, AND COMPARABLE, TO HELP USERS MAKE BETTER DECISIONS External users of accounting information are correct answers not directly involved in running the organization. examples of external us...