10 Questions
What are the three prerequisites required for fraud to occur?
dishonesty, opportunity, and motivation
What is the primary factor that relates to a lack of integrity or honesty in the context of fraud?
dishonesty
What is the purpose of internal controls in the context of fraud prevention?
to prevent opportunities for fraud to occur
What is the risk associated with a complex corporate structure?
it makes it harder to trace transactions, making it easier for employees to hide fraud
What is the potential impact of poor staff morale on the likelihood of fraud?
it may give employees additional motivation to perpetrate frauds
What is the potential indicator of fraudulent activities regarding an employee's leave or holidays?
personnel who do not take leave/holidays
What is the potential indicator of fraudulent activities regarding an employee's lifestyle?
lavish lifestyles of employees
What is the potential risk associated with management domination by one person or a small group of people?
dominant individuals often find it easy to circumvent controls and procedures
What are the three elements that are typically required for fraud to occur: dishonesty, opportunity, and what else?
motivation
What is the ultimate responsibility for deciding whether fraud has occurred?
the courts
This quiz covers the concept of dividend yield, its calculation, and its importance to various stakeholders such as managers, banks, employees, and suppliers.
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