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 what are the elements that the AICPA recommends to take into consideration to prevent, discourage and detect (prevent, deter and detect) fraud in an audit.