Laws to Mitigate Fraud
9 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What can lead to about 95% of all cases of fraud?

  • Ineffective financial reporting
  • Organizational structure
  • Financial pressure resulting from personal and employment stress (correct)
  • Lack of internal control procedures

    • What is the 'opportunity' point of the Fraud Triangle primarily related to?

  • External market pressures
  • Ineffective control or governance system (correct)
  • Lack of organizational structure
  • Internal communication breakdown

    • What can reduce the risk of fraud in any organization?

  • Rationalization of unethical behavior
  • Justification of criminal activity
  • Internal control procedures (correct)
  • Financial pressure

    • What does rationalization refer to in the context of unethical behavior?

    <p>Justification that the unethical behavior is something other than criminal activity</p> Signup and view all the answers

    What kind of problem do trust violators consider non-shareable in the text?

    <p>Financial problem</p> Signup and view all the answers

    What enables trust violators to adjust their conceptions of themselves as trusted persons with their conceptions of themselves as users of entrusted funds or property?

    <p>Verbalizations</p> Signup and view all the answers

    When does pressure become unbalanced and potentially destructive according to the text?

    <p>When it is transformed into an obsessive determination to achieve goals regardless of the cost</p> Signup and view all the answers

    What does opportunity refer to in the context of fraud according to the text?

    <p>An ineffective control or governance system that allows an individual to commit organizational fraud</p> Signup and view all the answers

    "Trust violators" are able to secretly resolve their financial problems by violating what according to the text?

    <p>Position of financial trust</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser