Question
1. In the case Ex-COD Employee Going to Prison for $443K Fraud which fraud risk factor(s) was/were present? Pressure Opportunity Rationalization All of the above.
1. In the case "Ex-COD Employee Going to Prison for $443K Fraud" which fraud risk factor(s) was/were present?
|
| Pressure |
|
| Opportunity |
|
| Rationalization |
|
| All of the above. |
2. Which of the following statements best describes why auditors investigate related party transactions?
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| Related party transactions generally are illegal acts. |
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| The substance of related party transactions may differ from their form. |
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| All related party transactions must be eliminated as a step in preparing consolidated financial statements. |
|
| Related party transactions are a form of management fraud. |
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
2nd Canadian Edition
1118168879, 9781118168875
