need answers to all the questions in the picture for fraud accounting class

edu/bbcswebdav/pid-1377889-dt-content-rid-5654859_1/courses/ACCT3133_029193S/ACCT3133_0291939 No results Options + Fit to par Page view Requirements 1. Anna Thomas committed a fraudulent act by making personal charges and cash with- drawals on Rusher Automotive's credit card. The accounting profession believes there are three conditions necessary for fraudulent behavior. (See Statement on Auditing Standards No. 99. Consideration of Fraud in a Financial Statement Audit. For addi- tional explanation, you may want to review Buckhoff (2001).) a. List the three elements and discuss how each of these elements is present in Anna Thomas' fraud at Rusher Automotive b. Why did Jerry not discover fraudulent behavior from Anna at other clients, spe- cifically Craftset Jewelry? c. Why had other Max & Co. accountants, specifically Kate Conrad, not perpetuated fraud at Rusher prior to Anna's hiring? d. It has been suggested that there may be a fourth element of fraud (see Wolfe and Hermanson 2004). Discuss whether this fourth element is present in Anna Thomas' fraud at Rusher Automotive. 2. Accountants have the responsibility to perform quality services with integrity, objectiv- ity, and professionalism. Accounting firms have the responsibility to hire and monitor competent personnel, so they can fulfill their assigned responsibilities What mistakes, if any, did Max & Co. make in hiring Anna and supervising her at Rusher Automotive? b. What steps do you think Jerry Maxwell should take to rectify the situation with Rusher Automotive? 3. In the case, it was noted that Anna's work as a student was marginal." Her classmates often covered her responsibilities in groups when she could not complete her share of the work Do you think Anna's habits and attitudes in college and her sales job contributed to an undesirable work pattern at Max & Co.? Why or why not? b. If you were in a group with Anna in college and she was not participating, what would be the best way to deal with the situation? a. REFERENCES e L LG edu/bbcswebdav/pid-1377889-dt-content-rid-5654859_1/courses/ACCT3133_029193S/ACCT3133_0291939 No results Options + Fit to par Page view Requirements 1. Anna Thomas committed a fraudulent act by making personal charges and cash with- drawals on Rusher Automotive's credit card. The accounting profession believes there are three conditions necessary for fraudulent behavior. (See Statement on Auditing Standards No. 99. Consideration of Fraud in a Financial Statement Audit. For addi- tional explanation, you may want to review Buckhoff (2001).) a. List the three elements and discuss how each of these elements is present in Anna Thomas' fraud at Rusher Automotive b. Why did Jerry not discover fraudulent behavior from Anna at other clients, spe- cifically Craftset Jewelry? c. Why had other Max & Co. accountants, specifically Kate Conrad, not perpetuated fraud at Rusher prior to Anna's hiring? d. It has been suggested that there may be a fourth element of fraud (see Wolfe and Hermanson 2004). Discuss whether this fourth element is present in Anna Thomas' fraud at Rusher Automotive. 2. Accountants have the responsibility to perform quality services with integrity, objectiv- ity, and professionalism. Accounting firms have the responsibility to hire and monitor competent personnel, so they can fulfill their assigned responsibilities What mistakes, if any, did Max & Co. make in hiring Anna and supervising her at Rusher Automotive? b. What steps do you think Jerry Maxwell should take to rectify the situation with Rusher Automotive? 3. In the case, it was noted that Anna's work as a student was marginal." Her classmates often covered her responsibilities in groups when she could not complete her share of the work Do you think Anna's habits and attitudes in college and her sales job contributed to an undesirable work pattern at Max & Co.? Why or why not? b. If you were in a group with Anna in college and she was not participating, what would be the best way to deal with the situation? a. REFERENCES e L LG