all please 33 Croumstances that the objects of provide access to the assets or r

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all please

33 Croumstances that the objects of provide access to the assets or records that are fraudulent activity describes which condition of the Fraud Triangle C Concealment D Both A and B is correct E Opportunity 34 The faisification of accounting reports is referred to as B. External Theft C Internal Thett D. Misappropriation of Assets E Both A and D is correct 35.A cash payment made by a vendor to an organization's employee in exchange for a sale to the organization by the vendor is termed A Bribery B Kickback C. Collusion D. Payment Fraud 36. The Sarbanes-Oxley act was passed in 2002 as a Congress's response to the many situations of fraudulent financial reporting discovered during 2001. The intention of the Act was A Police the accounting firms responsible for auditing the corporations B. Punish the companies that had been involved in the cases of fraudulent financial reporting C. Establish accounting standards that all companies are to follow D. Reform accounting, financial reporting, and auditing functions of companies that are either publicly traded or privately traded. ERefomm accounting financial reporting, and publicly traded

Explanation / Answer

33 E OPPORTUNITY FINANCIAL OR MARKET PRESSURES ARE EXAMPLES OF INCENTIVE, FARUDSTERS JUSTIFY THEM SELVES IS CONSIDERED AS RATIONALISATION, 34 A EARNINGS MANAGEMENT THIS IS NOT A FRAUD BY EMPLOYEES. 35 A BRIBERY IF THE CASH PAID TO THE EMPLOYEE WAS AS A CONSIDERATION OF SALE TO THAT ORGANISATION BY THE VENDOR THAN IT’S A BRIBE TO THE EMPLOYEE FOR HELPING IN THE TRANSACTION OF SALE. 36 E REFORM THE ACCOUNTING, FINANCIAL REPORTING AND AUDITING FUNCTIONS OF COMPANIES THAT ARE PUBLICLY TRADED.

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