Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 20 marks The second lecture in the course (ACC503) has just begun and the lecturer introduces the topic Computer Fraud to the students

image text in transcribed
Question 2 20 marks The second lecture in the course (ACC503) has just begun and the lecturer introduces the topic "Computer Fraud" to the students present in room B1104. He talks on the importance of understanding any individual's motivation for engaging in fraud or in any type of deviant behavior. Later in the session, the students are connected to a webinar where the guest speaker, Dr. Gilbert Geis, CFE, talks about motivations for fraudulent behavior. During the question-and-answer session, a student asked him, "Why do people commit fraud? " He answered very matter of factly, "We don't know." He went on to say that we really can't say for certain why one person commits fraud and another one doesn't when they both need money. Required: i. Construct a diagram of the Fraud Triangle and clearly label each element of the Fraud Triangle. (5 marks) ii. For each of these three elements labeled in (i) above, provide an explanation (at least three sentences) on each of the three elements, specifically addressing how it could contribute to fraud. (9 marks) 111. For each element of the Fraud Triangle, list and briefly discuss internal controls for each of the three elements that could help to reduce the impact of potential frauds related to that element of the Fraud Triangle. (6 marks)

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

10th Edition

1119791081, 978-1119791089

More Books

Students also viewed these Accounting questions

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago