Question.2583 - For the week's discussion,study Table 8-5 Summary of Ways to Prevent and Detect Fraud in Romney chapter 8 and briefly describe one item from each of the four sections: (1) Make Fraud Less Likely to Occur; (2) Increase the Difficulty of Committing Fraud; (3) Improve Detection Methods, and (4) Reduce Fraud Losses (Romney & Steinbart, 2021). For at least one of the areas, include one real-world example (cited). You can research fraud prevention and detection on official websites like: The Journal of Accountancy http://www.journal ofaccountancy.com/ and The CPA Journal http://www.cpajournal.com/ You must choose different items from each of the four sections from your classmates. Prior to writing your initial post, reply to the Discussion 4:I reserve...thread in Week 4 using the following format: "Ireserve [insert fraud prevention #1],etc:• This will ensure that each student covers four different preventative measures.
Answer Below:
Topic- xxxxxxxx the xxxxxxxxxx of xxxxxxxxxx fraud xxxxx can xx a xxxxxx and xxxxxxxx issue xxx businesses xx all xxxxx To xxxxxxx fraudulent xxxxxxxxxx it xx important xx increase xxx difficulty xx committing xxxxx This xxx be xxxxxxxx through x combination xx measures xxxx as xxxxxxxxxxxx strong xxxxxx controls xxxxxxxxxx background xxxxxx training xxxxxxxxx using xxxxx detection xxxxx conducting xxxxxxx audits xxxxxxxxxx financial xxxxxxxx and xxxxxxxxxxxx a xxxxxxxxxxxxx program xxxxxxx autonomous xxxxx an xxx on xxxxxxxxx for xxxxxxx compromise xx two xxxxxxxxxx arrangements xx records xxxxx viable xxxxxx strategies xxxx require xx outsider xx survey xx test xxxxxxxxx can xxxxxxxxxx limit xxxxxxxxxx and xxxxxxxxxx mistakes xxx fact xxxx the xxxxxxxxxx makes xx imperative xxxxxxx out xxx survey xxx amp x answerable xxx the xxxxxx undertaking xxxx could xxxxxxxxxxx inquisitive xx the xxxxxxxxxxxxxx with xxxxxxx to xxx certain xxxxxxx circumstances xxx taken xxxx of xxxxxxxxxxx we xxx apathetic xxxxxxx and xxxxx brings xx that xxxxxxx the xxxx that xxx steps xxx being xxxxxxxx administrators xxxxxxx could xxxxxx indiscreet xxx amp xxxx overlook xxx genuine xxxxxxxxxx behind xxxxxxxx amp xxxx which xxxxx prompt xxxxxxxxxxxxxxxxx References xxx quot xxx Role xx Fraud xxxxxxxxx Software xx Reducing xxxxxxxxxxxx Fraud xxx quot xxxxxxxxxxx of xxxxxxxxx Fraud xxxxxxxxx amp xxxx Steps xx Preventing xxxxxxxx Fraud xxx quot xxxxxx nbsp xxx fraud xxxxxxxx is x tool xxx explaining x scammer's xxxxxxxxxx But xxxx precisely xx fraud xxxxx is xxxxxxx as xx intentional xxxxxxxxx that xx perpetrated xx a xxxxxxx or xxxxxxxxxx for xxxxxxxxx benefit xx put xx another xxx fraud xx a xxxxxxxxx act xxxx to xxxxxx an xxxxxxxxx or xxxx money xxxxxxxxx The xxxxxxxx deed xxxx benefits xxx perpetrator xxxxx hurting xxxxx parties xxx instance xx is xxxxx when xx employee xxxxxx money xxxx the xxxx account xx the xxxxxxxx The xxxxxxxx would xxxx from xxxxxxxxx extra xxxxx at xxx cost xx the xxxxxxxx We xx over xxx elements xx the xxxx triangle xxxxx The xxxxx Triangle xxxxx Opportunity xxxxxxxxxxxxx are xxxxxxxxxx that xxxx rise xx deception xx is xxx only xxxxxxx of xxx fraud xxxxxxxx over xxxxx a xxxxxxxx has xxxxx control xxxxxxxx of xxxxxxxxxx that xxxxxxx chances xxx fraud xxxxxxx Weak xxxxxxxx controls-In xxxxx to xxxxxxxxx the xxxxxxxx of xxxxxxxxxx and xxxxxxxxx information xxxxxxxx controls xxx applied xxxxx are xxxxxxx for xxxxx because xx weak xxxxxxxx controls xxxx as x lack xx supervision x lack xx proper xxxx separation xxx inadequate xxxxxxx documentation xxxx tone xx the xxxxx business xxxx a xxxxxxxx tone xx the xxx is xxxx likely xx fall xxxxxx to xxxxx Tone xx the xxx refers xx senior xxxxxxxxxx and xxx board xx directors' xxxxxxxxxx to xxxxxx ethically xxxx integrity xxx honestly xxxxxxxxxx accounting xxxxxxxxxxxx way xxxx items xx the xxxxxxxxx statements xxx recorded xx referred xx as xxxxxxxxxx practices xxxxxxxxx may xxxx the xxxxxx to xxxxxxxxxx numbers xx accounting xxxxxxxxxx are xxxx inadequate xxx Fraud xxxxxxxx ndash xxxxxxxxx The xxxxxxxxxx to xxxxxxxxxx fraud xxxxx employees xx referred xx as xxxxxxxxx also xxxxx as xxxxxxxx As xx illustration xxxxxxxx the xxxxxxxxx items xx motivations xxx fraud xxxxxxx based xx a xxxxxxxxx metric-Revenues xxx net xxxxxx are xxxxxxx financial xxxxxxxxxx that xxx used xx evaluate xx employee's xxxxxxx Employees xxx receive xxxxxxx based xx financial xxxxxxx are xxxxx pressure xx reach xxxxx which xxxxx lead xxxx to xxxxxx in xxxxx Investor xxx analyst xxxxxxxxxxxxxxxxxxxxx to xxxxxxxxxx fraud xxx arise xxxx the xxxx to xxxx or xxxxxxxx stock xxxxxx while xxxx meeting xx exceeding xxxxxxxx and xxxxxxx expectations xxxxxxxx incentives-The xxxxxx to xxxx more xxxxx the xxxx to xxx off xxxxxxxx debt x gambling xxxxxxxxx etc xxx examples xx personal xxxxxxxxxx The xxxxx Triangle xxxxx Rationalization xxx phrase xxxxxxxxxxxxxxx alludes xx a xxxxxxxx defense xx fraud xxxxxxxxxx frequently xxx the xxxxxxxxx examples xx justifications xxxxx They xxxxxxx me xxxxx rdquo xxxxx someone xxxxxxx resentment xxxxxx their xxxx or xxxxxxxx they xxxxx think xxxx committing xxxxx is x good xxxxxx to xxxxx revenge xxxxx Upper xxxxxxxxxx is xxxxx it xx well xxxxx -An xxxxxxxxxx might xxxxxxx those xxxx senior xx the xxxxxxxxx hierarchy xx there xx poor xxxxxxxxxx at xxx summit xxxxx There xx no xxxxx solution xxxxx -It's xxxxxxxx for xxxxxxx to xxxxx that xx they xxxxx commit xxxxx they xxxxx lose xxxxxxxxxx like xxxxx employment xxxxxxxxxx Romney x B xxxxxxxxx P x Summers x L xxx Wood x A xxxxxxxxxx Information xxxxxxx th xx Pearson xxxxxxxxx US xxxx https xxxx vitalsource xxx books xxxxMore Articles From Accounting
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