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 t xxxxxxxxxx for xxx actual xxxxxxxxxxx This xxxxx incorporate xxxxxxxxxxx of xxx administrators xxxx regards xx how xxxxxxx strange xxxxxxxxxxxxx are xxxxx care xx Essentially xx are xxxxxxxxx animals xxx Kenny xxxxxx up xxxx despite xxx fact xxxx the xxxxx are xxxxx followed xxxxxxxxxxxxxx workers xxxxx become xxxxxxxxxx and xxxx overlook xxx genuine xxxxxxxxxx behind xxxxxxxx quot xxxxx could xxxxxx misrepresentation xxxxxxxxxx quot xxx Role xx Fraud xxxxxxxxx Software xx Reducing xxxxxxxxxxxx Fraud xxxx Association xx Certified xxxxx Examiners xxxx Steps xx Preventing xxxxxxxx Fraud xxxx Forbes 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 xxxxxxxxxxx Opportunities xxx situations xxxx give xxxx to xxxxxxxxx It xx the xxxx element xx the xxxxx triangle xxxx which x business xxx total xxxxxxx Examples xx situations xxxx present xxxxxxx for xxxxx include xxxx internal xxxxxxxxxxx order xx guarantee xxx accuracy xx accounting xxx financial xxxxxxxxxxx internal xxxxxxxx are xxxxxxx There xxx chances xxx fraud xxxxxxx of xxxx internal xxxxxxxx such xx a xxxx of xxxxxxxxxxx a xxxx of xxxxxx task xxxxxxxxxx and xxxxxxxxxx process xxxxxxxxxxxxx Poor xxxx at xxx top-A xxxxxxxx with x negative xxxx at xxx top xx more xxxxxx to xxxx victim xx fraud xxxx at xxx top xxxxxx to xxxxxx management xxx the xxxxx of xxxxxxxxxx dedication xx acting xxxxxxxxx with xxxxxxxxx and xxxxxxxx Inadequate xxxxxxxxxx policies-The xxx that xxxxx on xxx financial xxxxxxxxxx are xxxxxxxx is xxxxxxxx to xx accounting xxxxxxxxx Employees xxx have xxx chance xx manipulate xxxxxxx if xxxxxxxxxx procedures xxx poor xxxxxxxxxx The xxxxx Triangle 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 xxxxxxxxxxxxxxx The xxxxxx rationalization xxxxxxx to x person's xxxxxxx of xxxxx Fraudsters xxxxxxxxxx use xxx following xxxxxxxx of xxxxxxxxxxxxxx They xxxxxxx me xxxxx -When xxxxxxx harbors xxxxxxxxxx toward xxxxx boss xx employer xxxx might xxxxx that xxxxxxxxxx fraud xx a xxxx method xx exact xxxxxxx Upper xxxxxxxxxx is xxxxx it xx well xxx individual xxxxx emulate xxxxx more xxxxxx in xxx corporate xxxxxxxxx if xxxxx is xxxx leadership xx the xxxxxx There xx no xxxxx solution xxxxx possible xxx someone xx think xxxx if xxxx don't xxxxxx fraud xxxx could xxxx everything xxxx their xxxxxxxxxx References xxxxxx M x Steinbart x J xxxxxxx S x Wood x A xxxxxxxxxx Information xxxxxxx th xx Pearson xxxxxxxxx US xxxxx ccis xxxxxxxxxxx com xxxxxMore Articles From Accounting
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