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Answer the following questions: 1- Discuss what has to happen for a fraud scheme to occur, and what the concept of fraud triangle means. 2-
Answer the following questions: 1- Discuss what has to happen for a fraud scheme to occur, and what the concept of "fraud triangle" means. 2- Discuss an example of risk factors that are present in the following two types of schemes and how the three factors that determine a possible fraud scheme (discussed in question # 1) are manifested in your examples a-Fraudulent disclosure (fraudulent reporting) b- Misappropriations of assets 3- Explain in detail which are the elements recommended by the AICPA to take into consideration to prevent, discourage and detect (prevent, deter and detect) fraud in an audit. 8:16 AM
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