BE8.1 (LO 1) Match each situation with the fraud triangle factoropportunity, financial pressure, or rationalizationthat best describes it.

Identify fraud triangle concepts.

a. An employee's monthly credit card payments are nearly 75% of his or her monthly earnings.

b. An employee earns minimum wage at a firm that has reported record earnings for each of the last five years.

c. An employee has an expensive gambling habit.

d. An employee has check-writing and signing responsibilities for a small company, as well as reconciling the bank account.

BE8.2 (LO 1) Shelly Eckert has prepared the following list of statements about internal control.

Indicate internal control concepts.

a. One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use.

b. One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records.

c. No laws require U.S. corporations to maintain an adequate system of internal control.