Fraud triangle Samenvattingen, Aantekeningen en Examens

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the individ...

SOUTHERN NEW HAMPSHIRE UNIVERSITY 2024 SOPHIA LEARNING - MANAGERIAL ACCOUNTING MODULES: QUESTIONS AND ANSWERS SOLVED 100% A- Compare managerial accounting concepts and financial accounting concepts. a.) Purchasing manager b.) Production manager c.) Bank manager d.) Budget manager Correct * c: Banks and credit unions are external users that rely on financial information, such as audited financial statements, to lend money. B- Which of the following is an example of an internal deci...

Three Conditions that Can Lead to Financial Statement Fraud (CAQ Video) - ANSWER 1. Pressure/incentive 2. Opportunity 3. Rationalization Fraud triangle! Why does AU-C 240 Focus on Testing Journal Entries? - ANSWER They're the best way to reveal mgmt override. The majority of sig F/S fraud involves senior mgmt, so have to test JEs for mgmt override.

NHA,CBCS Exam (Latest 2024/ 2025 Update) | Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following would most likely result in a denial on a Medicare claim? Answer: An experimental chemotherapy medication for a patient who has stage III renal cancer Q: Which of the following pieces of guarantor information is required when establishing a patient's financial record? Answer: Phone number Q: A provider surgically punctures through the space betw...

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...

CITP Exam Questions with Answers Latest Update 2024/2025 Rated A+. Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limited to one or more specific assertions in an account or in several accounts; addressed by nature, timing, and extent of further audit procedures; Includes inherent and control risk Asset Misappropriation - Answer Use of one's occupation for person...

ACCT 211-Liberty University EXAM 1Importance 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 involved in running the organization 3 Parts of the Fraud Triangle - corr...

Financial Accounting provides information used primarily by investors, creditors, and others outside a business Managerial Accounting information used by executives, managers, and employees who work inside the business GAAP generally accepted accounting principles Balance Sheet asset + liability = equity at a specific point in time Income Statement revenues - expenses = net income over a specific accounting period Statement of Cash Flow cash flow from ope...

ACCT 211-Liberty University EXAM 1 with verified answersImportance 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 involved in running the organization 3 Parts of the...

CFCI Study Guide – Updated Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud Internal Fraud Internal Fraud and External Fraud Activities that may be criminal, committed within an organization, typically by the employ...

CITP Exam Questions with Answers Latest Updated 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 Risk...