QUESTION 1 Match the above terms and definitions A prevent Access to the asset or financial statements in order to carry out the fraud corruption detect motive [pressure] correct fraudulent financial reporting misappropriation of assets opportunity Controls designed to discover fraud when it occurs and alert c. management Includes misstating financial statements to meet earnings targets E. Includes illegal acts such as bribery, kickbacks, money laundering, and rigging bids Investigate and take corrective action to remedy harm caused Controls designed to prevent or reduce the likelihood of a fraud risk occurring Reason for committing the fraud, such as financial difficulties Involves theft of assets for personal gain QUESTION Please match the approaches to corresponding principles A. Establishing Standards of Conduct The organization demonstrates a commitment to integrity and ethical values Considering Whistle-Blower Information about Financial Statement Errors and Irregularities Defining the Role of Internal Auditors Defining Roles and Reporting Lines and Assessing Them for The board of directors demonstrates independence from management and exercises oversight for the development and performance of internal control C. Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in the pursuit of objectives Relevance Selecting Appropriate Outsourced Service Providers Developing Balanced Performance Measures, Incentives, and The organization demonstrates a commitment to attract, develop, and retain competent individuals in alignment with the objectives Rewards E. The organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives