Fraud triangle - Study guides, Class notes & Summaries

IS 305 Midterm Exam | Complete Solutions (Verified) The Domain Name Service is what translates human-readable domain names into IP addresses that computers and routers understand. True The type of hacking that involves breaking into telephone systems is called sneaking. False The technique for breaching a system's security by exploiting human nature rather than technology is war-driving. False Malware is a generic term for software that has a malicious purpose. True Software that lays dormant...

ACCT-211 Exam 1 Questions & Answer Liberty university rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involve...

What is the most important element of the Fraud Triangle? - Answer-- Opportunity Three parts of the Fraud Triangle? - Answer-1. Opportunity 2. Financial Pressure 3. Rationalization Opportunity - Answer-- for an employee to commit fraud, the working environment must provide opportunities that an employee can take advantage of. EX: Inadequate monitoring of employee actions can create opportunities for theft - they do so because they believe they will not get caught - An employee has ...

C254 WGU Practice Review 2024 In the past (early 20th century time-frame), what was the general consensus of the principal purpose of audits (including among auditors)? To detect fraud To certify for the public that management is qualified to run the entity To evaluate that companies follow GAAP Investigative and analytical purposes - ANS To detect fraud Why has there been so much frustration between the general public and auditors regarding fraud detection? The ...

Forensic Accounting and Fraud Examination Midterm Exam Questions and Complete Solutions Forensic Accounting - Ans: Use of accounting knowledge or skill for courtroom purposes. Can therefore involve not only fraud, but also bankruptcy, business valuation, disputes, divorce, and other litigation. Fraud Examination - Ans: Involves obtaining documentary evidence, interviewing witnesses and potential subjects, writing investigative reports, testifying to findings, and assisting in the general d...

Fraud An intentional misrepresentation of facts, made for the purpose of persuading another party to act in a way that causes injury or damage to that party. Types of fraud Misappropriation of assets Fraudulent financial reporting Misappropriation of assets Committed by employees of an entity who steal money from the company and cover it up. * Cash * Inventory * False expense reports Fraudulent financial reporting Committed by company managers who make false and misleading entries in the book...

Information Security - the protection of information and its critical elements, including systems and hardware that: -USE that info -STORE that info -TRANSMIT that info data security - The process of keeping data, both in transit and at rest, safe from unauthorized access, alteration, or destruction what is security? - the state of being free from danger or threat and the actions taken to make someone or something secure What is included in information security? - -information security ...

Victimology Exam 3o Trafficking Victims Protection Act of 2000 PG. 302 - correct answer Trafficking was not a federal crime until 2000 1.Any commercial act induced by force, fraud or coercion or commercial sex acts in which the individual induced to perform commercial sex has not attained 18 years of age. 2. The recruitment, harboring, transportation, provision, or obtaining of a person for labor or services, through the use of force, fraud, or coercion for the purpose of subjection to invol...

SAS13 midterm 1: Winter 2024 Questions with 100% Correct Answers Robert Koch - Answer--Grandfather of microbiology!! -Created Koch's Postulates to definitively prove that microorganisms caused a disease -Furthered germ theory of disease -Foundational in pure cultures of microbes -Discovered the microbe causing tuberculosis - developed a "cure" based on tuberculin for TB but it was not effective in treating it (could actually kill people bc of the inflammatory response) hedwig koch - ...

SAS13 midterm 1: Winter 2024 Questions With Complete Solutions Robert Koch - answer-Grandfather of microbiology!! -Created Koch's Postulates to definitively prove that microorganisms caused a disease -Furthered germ theory of disease -Foundational in pure cultures of microbes -Discovered the microbe causing tuberculosis - developed a "cure" based on tuberculin for TB but it was not effective in treating it (could actually kill people bc of the inflammatory response) hedwig koch - ans...