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to i pressures, o Fraud Risk may be in the fraud triangle). For each of the following items, select the type ot fraud risk factor
to i pressures, o Fraud Risk may be in the fraud triangle). For each of the following items, select the type ot fraud risk factor frorm the list ated by a combination of conditions related t An entity's Board of Directors is controlled by the majority Opportunity stockholder who also acts as chief executive officer Atitude Rationalizatiorn 2 An entity recently installed an alarm system to protect itsineentwesPressure offices. All company employees have been given access to An entity does not appropriately monitor its internal controls An entity's corporate procedures manual indicates that all checks over $1,000 require two signatures but the CEO has repeatedly overridden his policy An entity's accounting staff does not perform bank reconciliations of a timely basis. In an effort to increase the company's visibility before they go public, an entity has issued various press releases projecting significant earnings growth for the current year An entity announced early in the current year that it woul no longer be paying end of year bonuses to its staff During the current year, an entity obtained a loan from First National Ban. The CEO has personally guaranteed this loan. An entity has indicated to its auditors that the audit needs to be completed within a one-week timeframe, which the auditor feels is unreasonable. Numerous office equipment l the current year with the company owned by the CEO's sister Click Save and Submit to save and submit. Click Save All Answers to save all ansu
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