Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How would the implementation of a new technological tool relate to the fraud triangle for possibly causing unethical or fraudulent activity? Specifically, would new technology

How would the implementation of a new technological tool relate to the fraud triangle for possibly causing unethical or fraudulent activity? Specifically, would new technology tools be related to the fraud triangle component of opportunity?

A: One way technology may increase the fraud triangle component of opportunity would be if, during the implementation phase, control activities are ignored over certain sensitive transactions.

B: One way that technology might increase the opportunity component of the fraud triangle is by generating different processes and workloads, opening the door to unethical behavior.

C: Since the implementation of new technology will automatically help increase the review process, it will reduce the opportunity component of the fraud triangle.

D: One way that technology will increase the fraud triangle component of opportunity would be that budgets that would normally be invested in training will be allocated to technology.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

1. How might volunteering help the employer and the employee?

Answered: 1 week ago